By Bizodisha Bureau, Bhubaneswar, March 22, 2016 : Odisha government has rolled out an ambitious plan for implementation of smart city plan and projects by forming a Special Purpose Vehicle [SPV] called Smart City Limited.

The SPV has been floated as a company with a paid up capital of Rs 250 crore and authorized capital of Rs 500 crore. The equity of the SPV has been shared among Odisha government, Bhubaneswar Municipal Corporation [BMC] and Bhubaneswar Development Authority [BDA] on 45:45:10 basis.

Chief Secretary Aditya Parsad Padhi on Tuesday chaired a high level official meeting where BMC Commissioner Kishan Kumar presented the updates and outlined the issues for discussion.

The SPV will have a board of Directors under the Chairmanship of Development Commissioner-cum-Additional Chief Secretary with Secretary Finance, Secretary Housing & Urban Development, Principal Secretary IT, Principal secretary GA, Commissioner of Police, Vice-Chairman BDA, Municipal Commissioner BMC , Representative from Govt of India, Representative from OPTCL and 5 Independent Directors from various thematic areas like industry, urban housing, urban transport , IT, social equity etc in the Board of Directors.

The organizational structure of the SPV along with the matters relating to formation of the Executive Authority, Board Committees, Executive Committee, delegation of power to various committees, financial management etc. were deliberated in the meeting.

Kishan Kumar said the SPV would have around 19 officers and staff from among whom 6 officers would be on whole time deputation and 13 would be recruited from open market. Roll out plan of the mega projects like integrated infrastructure development, water supply, stable power supply, sewerage, water recycling, affordable housing, redevelopment of core institutional area in Satyanagar, lake neutral etc also figured in the meeting.

It was also decided to have a museum of urban history. This would be like a public plaza to showcase the chronological and historic view of the city’s evolution and architecture. Chief Secretary Sri Padhi advised to collect relevant authentic data from various individuals and authorities for the museum.