We will initiate building 100 new cities; enabled with the latest in technology and infrastructure - adhering to concepts like sustainability, walk to work etc, and focused on specialized domains
The Cabinet has allocated Rs 48,000 crore for them over five years.
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But the government isn't going to be building entirely new cities with Rs 100 crore each. Instead, the money will mostly be spent on upgrading existing facilities, since the very selection process requires current cities to prove that they are eligible. The cities chosen by the Narendra Modi government are not from the most backward districts of the country.
All 100 cities have been selected. As on January 7, 189 projects worth Rs 2237 crore have been completed while another 2,948 projects worth Rs 1.38 lakh crore are in various stages of implementation.