<p>The Smart City project is all set to take off soon, a year after the formation of a special purpose vehicle (SPV) to implement the project.</p>.<p>Works under Phase I of the project worth Rs 100 crore will begin in five to six months.</p>.<p>The Bruhat Bengaluru Mahanagara Palike (BBMP), the nodal agency to implement the project, is planning to renovate historical markets, 20 major roads, parks, lakes and slums under Phase I.</p>.<p>A senior BBMP official said: “The Detailed Project Report (DPR) for Phase I is being prepared. For the project, 50% of the funds are being provided by the central government and the remaining 50% by the state government. It will take around five to six months to take up the project, including the tender process.”</p>.<p>“The total cost of the project is around 2,100 crore and around Rs 800 crore worth works will be undertaken through the Public Private Partnership (PPP) model,” he added.</p>.<p>According to the proposal, KR Market will be integrated with the Metro terminal to make it more user-friendly. Along with KR Market, Russel Market will also get a face-lift with technology-enabled features such as smart bins, loading and unloading pathways, and designated vending kiosks.</p>.<p>“Under the project, about 20 roads will be brought under TenderSURE project. Swathanthra Palya slum will also be developed in the first phase of the project,” the official explained.</p>.<p>Bengaluru is among the 30 cities chosen to be deemed as Smart Cities last year and Rs 1,200 crore has been allotted to implement this infrastructure-based project in the city.</p>
<p>The Smart City project is all set to take off soon, a year after the formation of a special purpose vehicle (SPV) to implement the project.</p>.<p>Works under Phase I of the project worth Rs 100 crore will begin in five to six months.</p>.<p>The Bruhat Bengaluru Mahanagara Palike (BBMP), the nodal agency to implement the project, is planning to renovate historical markets, 20 major roads, parks, lakes and slums under Phase I.</p>.<p>A senior BBMP official said: “The Detailed Project Report (DPR) for Phase I is being prepared. For the project, 50% of the funds are being provided by the central government and the remaining 50% by the state government. It will take around five to six months to take up the project, including the tender process.”</p>.<p>“The total cost of the project is around 2,100 crore and around Rs 800 crore worth works will be undertaken through the Public Private Partnership (PPP) model,” he added.</p>.<p>According to the proposal, KR Market will be integrated with the Metro terminal to make it more user-friendly. Along with KR Market, Russel Market will also get a face-lift with technology-enabled features such as smart bins, loading and unloading pathways, and designated vending kiosks.</p>.<p>“Under the project, about 20 roads will be brought under TenderSURE project. Swathanthra Palya slum will also be developed in the first phase of the project,” the official explained.</p>.<p>Bengaluru is among the 30 cities chosen to be deemed as Smart Cities last year and Rs 1,200 crore has been allotted to implement this infrastructure-based project in the city.</p>
