IFC, BSCL to forge partnership for Bhubaneswar smart city project

Bhubaneswar had emerged as numero uno among 20 winners of the Smart City Challenge held last year

Bhubaneswar Smart City Limited (BSCL), the special purpose vehicle (SPV) for Bhubaneswar smart city project, is set to forge a partnership with International Finance Corporation (IFC), the private sector arm of the World Bank Group (WBG). Through this partnership, BSCL hopes to transform Odisha's capital into a smart city.

Bhubaneswar had emerged as the numero uno among the 20 winners of the Smart City Challenge held last year.

"We had proposed to partner with IFC to make Bhubaneswar a smart city. The basic objective was that IFC will play the role of technical transaction advisor for the projects to be developed in