Special Purpose Vehicles (SPVs) for both Jammu and Srinagar Smart Cities formed for implementation of Mission as per guidelines and registered under Companies Act 2013 as “Jammu Smart City Limited” and “Srinagar Smart City Limited” with Ministry of Corporate Affairs, GoI.

CEOs posted for both SPVs as interim arrangement First meeting of Board of Directors of both Smart City Companies held.

 EoI for engagement of Project Management Consultant (PMC) by both SPVs viz., “Jammu Smart City Limited” and “Srinagar Smart City Limited” has been floated with last date of receiving bids by 9^th December 2017.

Advertisement for engagement of Key Managerial Professionals (KMPs) have been issued by both companies.

In order to engage experienced full time CEOs, the Department has issued an advertisement for hiring CEOs from the open market for each SPV.

The Department has also taken up with MoHUA, GoI for extension of Special dispensation given by GoI during 2015-16 in funding of the Smart City Mission on the pattern of earlier relaxation extended to the State among Himalayan States in respect of Core Centrally Sponsored Schemes to 90:10 as the funding pattern of Smart City Mission is on 50:50 basis.

Department has also approached Director, National Institute of Urban Affairs, New Delhi for providing Advice & Technical assistance on policy related issues for implementation of Mission in the State.

Once the PMC is engaged process for conversion of proposals of Smart Cities to Projects and their implementation will set into motion most likely within next 2 months.