HomeNewsBusinessReal EstateCabinet approves CITIIS 2.0

Cabinet approves CITIIS 2.0

Version 2 will have an enhanced outlay and run for four years till 2027

May 31, 2023 / 16:41 IST
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smart cities
CITIIS is a part of the government’s Smart Cities Mission. (Representative image)

The Cabinet on May 31 approved the launch of City Investments to Innovate, Integrate and Sustain 2.0 for four years with a budget of Rs 1,866 crore, Information and Broadcasting Minister Anurag Thakur told reporters. CITIIS is a part of the government’s Smart Cities Mission.

CITIIS 2.0 aims to leverage and scale up the learnings of CITIIS 1.0, which was launched jointly in 2018 by the Ministry of Housing and Urban Affairs, French aid agency AFD, the European Union and the Delhi-based National Institute of Urban Affairs, with a total outlay of Rs 933 crore.

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The programme envisages supporting competitively selected projects promoting a circular economy with a focus on integrated waste management at the city level, climate-oriented reform actions at the state level, and institutional strengthening and knowledge dissemination at the national level, Thakur told reporters. Its aim is to develop projects focused on building climate resilience, adaptation and mitigation, he said.

The funding for CITIIS 2.0 would include a loan of 200 million euros or Rs 1,760 crore with AFD and German development bank KfW contributing 100 million euros each, and a technical assistance grant of 12 million euros or Rs 106 crore from the EU, Thakur said.