Patna Smart City

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Patna Smart City Limited


Patna Smart City Limited (PSCL) is a special purpose vehicle incorporated under the Companies Act, 2013. It looks after planning, appraisal, approval, fund releasing, implementation, management, operation, monitoring and evaluation of the Patna Smart City Development projects.

Patna Municipal Corporation (PMC) And Urban Development & Housing Department, Government of Bihar are its promoters with 50:50 equity shareholdings. It is a functionally autonomous body and derive functional and operational powers from Patna Nagar Nigam (PNN) and Government of Bihar separately and directly through relevant Executive Order(s) and will operate within the over-reaching legal provisions under the Bihar Municipal Act, 2007, which empowers the PNN to delegate powers in an accountable manner.

The PSCL board comprise of Chairperson (Divisional Commissioner ,Patna Division), Managing Director (Municipal Commissioner of PNN), CEO, 5 Director Nominee from Central/State Government), 2 Independent Director on rotation (From data bank of Ministry Of Corporate Affairs). 1 out of 5 Positions for Director will be reserved for Women (As per Sec 149 of The Companies Act 2013)


Revenue/Funds

Patna Smart City project will involve an estimated expenditure of over 2,776.16 crore, of this 930 crore will be provided by the Centre and the State government in equal amount. Additional to 465 crore, Government of Bihar bears expense of 2.50 crore for SPV (PSCL) registration.

Another 982.31 crore will come from the convergence of Government of India schemes and Government of Bihar schemes and urban local bodies’ resources. The remaining 800.37 crore is likely to be raised under the PPP model. PSCL will also pool and access funds from other sources such as debts, user charges, taxes etc.

Project Management Consultant

Spanish company, Eptisa Servicios de Ingenieria is the Project Management Consultant of Patna Smart City Limited. It is one of the firms enlisted by the MoUD in panel to assist cities in preparing smart city proposals.