Anjaya Anparthi: Two-third of Smart City funds to come from citizens

Nagpur: Beneficiaries will have to pay for Smart City as Nagpur Municipal Corporation (NMC) has decided to recover over two-third of the project's cost from citizens.

The NMC will levy development charges of 120 per soft and more up to 80 per sqmt, along with 40% of total land, from around 8 lakh citizens to be covered under the project. Thus, the NMC will manage to collect funds of 2,574.77 crore of the 3,574.77 crore from the beneficiaries itself. The remaining cost of 1,000 crore will be contributed by the Centre (500 crore), and 250 crore each from state and Nagpur Improvement Trust (NIT).

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