Delhi Development Authority to create SPV for green projects called Biodiversity Missions and DDA Greens

Q.  DDA will create an SPV for green projects. What is it called?
- Published on 16 Aug 16

a. Biodiversity Mission
b. DDA Greens
c. Biodiversity Mission and DDA Greens
d. DDA Biodiversity Mission

ANSWER: Biodiversity Mission and DDA Greens
 
DDA will create an SPV for green projects for the operation and maintenance of green projects including those pertaining to parks, nature reserves and eco-friendly corridors.
  • The aim is to make them socially, economically and environmentally sustainable.
  • SPV will be called Biodiversity Mission and DDA Greens.
  • The different categories which will be part of the PSV are urban parks (city parks, district parks and community parks), biodiversity parks (wetlands, biotic communities, conservatories and ecologically functional ecosystems).
  • SPV will also include nature reserves, spanning ridge area, protected forest, city forest, river front, lakes and green circuits like green corridors, belts and parks.
  • SPV will be managed by a Board of Directors totalling 15 with the Lt. Governor as chairman.
  • Board of Directors shall be representative from diverse professional backgrounds.
  • CEO will be appointed and will manage the strategic vision set by the Board of Directors.
  • The Biodiversity Mission and DDA Greens is an autonomous, non profit entity.

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