CONTENTS 1 Introduction 9 1.1 Background 9 1.2 Rationale 10 1.3 Aim of the study 12 1.4 Objectives of the study 12 1.5 Research questions of the study 12 1.6 Methodology 13 1.7 Scope & limitation of Study 14 2 Literature Review 15 2.1 Governance 15 2.1.1 Urban governance: definition and need 16 2.1.2 Evolution of urban governance in India 18 2.2 Typologies of municipalities 22 2.3 Functions of Local Self – Government 23 2.4 Issues in Urban Local Governance 25 2.4.1 Rule of Law and Transparency in the Conduct of Business 25 2.4.2 Transparency in the Planning and Implementation of Infrastructure Projects 26 2.4.3 Efficiency in Other Municipal Management and Finance Practices 27 2.4.4 Inefficiency in Decision making Process 28 2.5 Special Purpose Vehicle Concept 29 2.5.1 SPVs in other countries: 30 2.6 SPV in the Indian context 32 2.6.1 Key features desired in an ideal SPV 32 2.6.2 Types of Special Purpose Vehicles 34 3 SPV ECO SYSTEM IN AHMEDABAD 35 3.1 Ahmedabad Profile 35 3.2 Urban Governance in Ahmedabad 36 3.3 Ahmedabad Urban Development Authority 37 3.4 Ahmedabad Municipal Corporation: 37 3.4.1 AMC Functions 38 3.5 Ahmedabad Municipal Transportation Service (AMTS) 40 3.6 Sabarmati Riverfront Development Corporation Ltd (SRFDCL) 40 3.6.1 Scope & Creation of SRFDCL 41 3.6.2 Functions of SRFDCL 42 Special Purpose Vehicle (SPV) as an Instrument of Urban Governance Rajiv Reddy Pandala (PP0008214) 7 3.7 Ahmedabad Janmarg Limited (AJL): 43 3.7.1 Scope & Creation of AJL 43 3.7.2 Functions of AJL 44 3.8 Smart City Ahmedabad Development Ltd. (SCADL) 45 3.8.1 Functions of SCADL 46 4 Ahmedabad SPVs Analysis 48 4.1 Ahmedabad Municipal Corporation 48 4.1.1 AMC Governing Structure 48 4.1.2 Decision making process in AMC 52 4.2 Sabarmati River Front Development Corporation Ltd (SRFDCL) 54 4.2.1 SPV Administration & Management 54 4.2.2 Various committees of SRFDCL 55 4.2.3 SPV Personnel 58 4.2.4 Decision Making Process in SRFDCL 58 4.2.5 SRFDCL Finance 60 4.3 Ahmedabad Janmarg Limited 62 4.3.1 SPV Administration & Management 62 4.3.2 AJL Finance 67 4.4 Smart City Ahmedabad Development Ltd (SCADL) 67 4.5 Comparative Assessment of AJL & AMTS 68 4.5.1 AMTS 68 4.5.2 Ahmedabad Janmarg Limited (AJL) 71 4.6 Comparative assessment of SRFDCL & Kankaria Lake Front Development Project 73 4.6.1 Kanakria Lake Front Development Project 73 4.6.2 Decision Making Process 74 4.6.3 Sabarmati River Front Development Corporation Ltd (SRFDCL) 75 5 Smart City SPVs 77 6 Conclusion 79 7 Bibliography 81 8 Bibliography 81