UP government is losing money on all but one smart city project

CNBC-TV18.com

Published August 08, 2024

Saharanpur Smart City project is the only one making money.

Saharanpur Smart City project clocked a profit of ₹26 crore for the financial year ending March 2023, according to Comptroller and Auditor General of India (CAG).

Here's the losses made by other smart cities in India's most populous state:

Aligarh Smart City

FY23 Loss: ₹206 crore

Prayagraj Smart City

FY23 Loss: ₹66 crore

Varanasi Smart City

FY23 Loss: ₹28 crore

Moradabad Smart City

FY23 Loss: ₹8 crore

Kanpur Smart City

FY23 Loss: ₹1.5 crore

Lucknow Smart City

FY23 Loss: ₹11 crore

Source: CAG