Rs 39 lakh crore needed for infra in urban areas until 2032: Minister

The investments required in urban areas for a 20-year period between 2012-13 and 2031-32 is estimated to be Rs 39 lakh crore, the government said.

The Ministry of Housing and Urban Affairs has constituted a high-powered expert committee to provide an estimate of investments required for urban infrastructure services, including the maintenance and replacement, Minister of state for Housing and Urban Affairs, Hardeep Singh Puri, said in the Lok Sabha.

“As per the report of HPEC, the estimated urban investment requirement for the 20-year period from 2012-13 to 2031-32 is Rs 39.2 lakh crore,” Hardeep said.

He said nearly Rs 20 lakh crore has been estimated for operation and maintenance of all cities and towns.

He said 90 ‘smart cities’ selected so far have indicated a total investment of Rs 1.9 lakh crore in their proposals.

The central government proposes to give financial support to the smart cities mission to the extent of Rs 48,000 crore over five years – that is Rs 100 crore per city per year for development of 100 cities throughout the year.

(Agencies)

Leave a Reply

Your email address will not be published. Required fields are marked *

Make Correct Pattern to CommentWordPress CAPTCHA