Nagpur Smart City projects worth Rs 866 crore face uncertainty after SPV shutdown

Projects worth around Rs 866 crore under the Nagpur Smart City initiative are facing uncertainty following the Maharashtra government’s decision to dissolve special purpose vehicles linked to the mission.

Several projects and assets are yet to be formally transferred to civic authorities.

Pending works reportedly include housing and infrastructure-related components.

Questions have also emerged regarding management of surveillance systems, rehabilitation projects and staffing arrangements.

Officials are continuing discussions related to the transition process, reported The Times of India.

The restructuring follows the state government’s move to dissolve Smart City SPVs in multiple cities.

Authorities are expected to shift project oversight to municipal administrations.

The transition has raised concerns regarding continuity of ongoing projects and operational management.

The development highlights governance challenges linked to large-scale urban infrastructure programmes.