Coimbatore: A German team of investors along with the German ambassador, Martin Ney, will visit Coimbatore on July 20. The two day visit will include a meeting with the chief secretary to the government in Chennai and with Coimbatore corporation commissioner to discuss the smart city project. The German team would include several investors, industrialists and government officials.
Recently, the corporation commissioner, K Vijayakarthikeyan, city mayor, P Rajkumar and the former district collector, Archana Patnaik visited the German city of Esslingen and signed the Memorandum of Understanding for the twinning of both the cities.
The officials held meetings with the council members and various officials of Esslingen regarding various developmental and infrastructure projects. Officials have signed agreements for knowledge and technology sharing between the cities. Previously, Vijayakarthikeyan had visited Berlin and held meetings with various investors and presented the smart city proposal prepared for Coimbatore.
Senior officials in the corporation said that the meeting is mainly to discuss the various avenues through which the companies and investors could partake in the smart city project.
"While some would contribute through technology, some may invest in the Coimbatore smart cities limited, the special purpose vehicle that was formed," said officials.
The investors will hold a meeting in Chennai as well. But officials said that the government order to commence work under the smart city has not been issued. The civic body has only formed the company but has not appointed any officer or started operating it. They await the government nod to begin the project.
The Centre would release 200 crore funds only after these formalities are completed. The state and the civic body need to raise 100 crore each in the first phase of the project.
(Sourced from indiatimes.timesofindia.com)