The Goa government has approved the Rs 981.11 crore proposal for Panaji Smart City which would be submitted to the Union Urban Development Ministry on Tuesday, a senior official said.

"The proposal has major thrust on eco-mobility, public transport system and improvement of conservation zones," Goa State Infrastructure Development Corporation's Managing Director Sanjith Rodrigues told reporters on Monday evening.

Also read: States approve Smart City plan for 86 cities

Rodrigues said the government is confident to get Panaji in the list of first 19 cities which will receive funds this year.

The High Powered Coordination Committee (HPCC) on Smart City headed by Chief Secretary R K Srivastava on Monday granted its final approval to proposal, which will be submitted to the Centre on Tuesday.

Also read: Vadodara 'Smart City' proposal to be submitted before December 15

Rodrigues said the proposal looks at Rs 304.22 crore share by Central and State government respectively over the next five years. Another Rs 299.98 crore is expected to be funded through public private partnership (PPP).

The Smart City Mission consultant, ICLEI South Asia, had drafted Rs 1,313.74 crore proposal for the city, which as per final proposal was reduced to Rs 981.11 crore, following revised guidelines from the Union Ministry.

Also read: Shiv Sena attacks Union govt; says Smart City project is ploy to centrally control Mumbai

"Of the total 304.22 crore state share, the entire amount would be contributed by the Goa government, as the financial position of the CCP (Corporation of the City of Panaji) does not allow it to take up such huge proposal," Rodrigues said.

He stated while government will spend around Rs 304.22 crore over the next five years, a revenue of only Rs 14 crores is envisaged during this span.