France Will Provide 2 Billion Euros For India’s “Smart Cities” Project.

“AFD’s commitment is to provide 2 billion euros over the next 3years of loans to support smart cities and sustainable development in India,” its chief Pascal Pacaut told media here after it and the Indian finance ministry’s department for economic affairs held their 6th annual negotiation meeting on Thursday regarding the implementation of India’s “smart cities” project.

Richier said the French development agency, AFD, has already joined hands with these state administrations even though the official list of cities to be developed under the Smart City project would be announced early next year.

While Puducherry will be the first focus, Chandigarh and Nagpur will be taken up in the second phase, he said.

“We will be going to Chandigarh this Monday with AFD and French technology owners and Nagpur would a bit later. But we have already tied up with Chief Ministers of Puducherry, Maharashtra (Nagpur) and Chandigarh Administration,” he said.

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