Kochi Corporation is now committed to paying ₹91 crore for the operation and maintenance of services provided by Cochin Smart Mission Ltd (CSML), adding financial strain to the already tight municipal budget. Initially, CSML services were presented to the corporation as part of a no-cost initiative, but the city is now faced with covering these expenses over the next five years.
Opposition leaders have expressed frustration, alleging that the corporation was misled about the agreement’s financial implications. They point to the recent disruption in power supply to the renovated Ernakulam market, funded by CSML, as a warning of the potential challenges ahead. The market faced disconnection due to unpaid electricity bills, which highlight the confusion over who should bear the responsibility for operational costs of such projects.
In response to concerns, the corporation’s leadership argued that spreading the payments over five years would ease the financial burden. The agreement also allows for long-term cost savings, particularly through the introduction of energy-efficient technologies like LED streetlights, which are expected to significantly reduce electricity expenses. Additionally, machines procured by CSML for tasks such as canal desilting could cut maintenance costs over time.
While the long-term benefits of these initiatives are acknowledged, the corporation must now balance the promise of sustainable development with the practicalities of financing these operations. As Kochi continues to develop its smart city infrastructure, the challenge will be to ensure financial sustainability without overburdening the public purse.
