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
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.