Pune Municipal Corporation (PMC), which has pegged the cost of making Pune a Smart City within the next five years at Rs.3,480 crore, is in talks with the US government´s Department of Treasury to help it raise funds via issuance of bonds.
Senior officials from the Municipal Corporation said that a team from the Department of Treasury had visited Pune in the month of May and will soon be finalising the term of references for the contract.
Addressing the media, Kunal Kumar, Pune Municipal Commissioner, said:´The Department of Treasury had approached the Government of India and shown interest to work with one of the Smart Cities in raising its bonds issue. After looking at all the states, they have shown interest to work with Pune city.´
Pune Smart City to work with US Dept of Treasury for fund raising
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