Cidco smart city to be com­pleted in 2019, cost pegged at `35K cr

88 PROJECTS 14 nodes will be de­vel­oped; seven towns in var­i­ous stages of de­vel­op­ment; more jobs cre­ated

Hindustan Times ST (Mumbai) - HT Navi Mumbai Live - - NAVI MUMBAI - G Mo­hi­ud­din Jeddy ht­for­nav­i­mum­bai@hin­dus­tan­times.com

CBD BE­LA­PUR: The Cidco Navi Mum­bai South Smart city project that Cidco has planned, con­sists of 88 projects cost­ing Rs35,000 crore. All the projects are self­fi­nanced and will be com­pleted by 2019.

Cidco vice- chair­man and man­ag­ing di­rec­tor San­jay Bha­tia held a press con­fer­ence on the smart city project at Cidco Bha­van in Be­la­pur on Wed­nes­day.

“In the Mum­bai Met­ro­pol­i­tan Re­gion, Cidco had been as­signed to de­velop 14 nodes (towns) un­der the ti­tle of Navi Mum­bai. Navi Mum­bai (north) con­sist­ing of seven towns was de­vel­oped by Cidco by gen­er­at­ing its own funds and a new cor­po­ra­tion NMMC was set up by the state gov­ern­ment to oversee the area.”

The project will be launched on Fri­day by chief min­is­ter Deven­dra Fadnavis.

Bha­tia said, “The rest of the seven towns un­der Navi Mum­bai (South) — Pan­vel, Kharghar, Ulwe, Dron­a­giri, Kalamboli, Kamothe and Push­pak node — are in var­i­ous stages of de­vel­op­ment and th­ese will be part of the smart city project.”

Bha­tia said the ar­eas un­der Cidco ju­ris­dic­tion has emerged as the eco­nomic power house of Ma­ha­rash­tra as it has be­come the new epi­cen­tre of in­vest­ments in In­dia. He said this makes it a con­ducive area for a smart city as peo­ple would want to re­side here.

Bha­tia said: “In this area, there are a large num­ber of eco­nomic trig­gers com­ing up. Th­ese in­clude Navi Mum­bai In­ter­na­tional Air­port (in­vest­ment Rs16,000 crore. First phase: Rs7,000 crore), JNPT ex­pan­sion (in­vest­ment Rs8,000 crore), Metro (in­vest­ment Rs11,000 crore), af­ford­able hous­ing (in­vest­ment Rs10,700 crore), Navi Mum­bai Air­port In­flu­ence No­ti­fied Area (Naina) project (in­vest­ment Rs7,400 crore), Na­tional High­ways ex­pan­sions (in­vest­ment Rs3,000 crore).”

He said, “To­tal pub­lic in­vest­ments on in­fra­struc­ture in the next five years is thus go­ing to ex­ceed Rs50,000 crore lead­ing to a cre­ation of about 8.70 lakh jobs, mainly high end.”

Bha­tia said that Cidco has de­cided to set up a brown­field smart city project in the seven towns called ‘Cidco Navi Mum­bai (South) Smart City’ by lev­er­ag­ing on th­ese eco­nomic trig­gers.

Bha­tia said the project will cost Rs2,033 crore which will be over and above Rs32,744.40 crore to be spent on af­ford­able hous­ing and ma­jor in­fra­struc­ture projects and port city. The to­tal area cov­ered un­der the project is 12,000 hectares.

The Cidco Navi Mum­bai (South) Smart City ex­hi­bi­tion will be held at Cidco Ex­hi­bi­tion Cen­tre, Vashi, Navi Mum­bai on De­cem­ber 4 and 5.

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