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COVER STORY Smart Cities: Financing Challenges In the next five years, special purpose vehicles (SPVs) will be spending around Rs.1,631 billion on projects conceived under area-based development and Rs.388 billion on pan-city development. But the question is how these funds are likely to be mobilised. INTERVIEWS Chandramauli Shukla, CEO, Bhopal Smart City. Mahip Tejasv Chief Executive Officer, Gwalior Smart City Development Corporation Th Harikumar Singh, Municipal Commissioner,Imphal Municipal Corporation. M Nagarajan, Deputy Municipal Commissioner, Surat and Chief Executive Officer, Surat Smart City Development Ashish Sable, Sr Vice President & Group Head,Debt Capital Markets, SBI Capital Markets. FEATURE – METRO RAIL India’s Metro Trail The country, which is projected to be the world’s fastest growing economy, might well be on its way to becoming the world’s leading market in the metro rail segment by the end of the next decade FEATURE - ROADS Road Widening Under Progress The last two decades witnessed highway infrastructure being developed on a massive scale in the country. PERSPECTIVE - AAI No-Frills Airports: Doing More With Less

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