Himachal signs deal with Singapore for developing smart town

Image
IANS Shimla
Last Updated : Feb 27 2017 | 7:23 PM IST

The Himachal Pradesh Housing and Urban Development Authority (HIMUDA) on Monday signed a deal with the Singapore government for developing a smart integrated township on the outskirts of Shimla town to decongest the state capital.

A memorandum of understanding was signed in the presence of Minister of Trade and Industry of Singapore S. Iswaran and state Urban Development Minister Sudhir Sharma here.

The Singapore government has committed to invest Rs 2,500 crore for developing the state's first 'smart hill town' on 450 bighas of land, an official statement said.

Sharma told IANS the township would be developed at Jathiadevi near Jubbarhatti airport, some 20 km from here.

He said the town is expected to provide opportunities in hospitality, health and wellness and education sectors.

He said it would have a special economic zone, international education zone, integrated townships, an entertainment zone, a convention centre, parks and shopping malls.

The development of the integrated township is an ambitious project which would go a long way in decongesting this highly populated city, he said, adding there has been 10-fold increase in the population of Shimla that has resulted in congestion and over-utilisation of infrastructure.

Initially, Shimla was developed by the British colonial rulers for 25,000 people.

HIMUDA, which is headed by Sharma, has acquired 32 hectares of land for developing the township at Jathiadevi, which is connected by three national highways.

The state government had on September 8 last year signed a preliminary agreement with the Singapore firm for developing the township.

--IANS

vg/lok/dg

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 27 2017 | 7:12 PM IST

Next Story