The Prime Minister of India has a vision of developing 100 smart cities by modernizing existing mid-sized cities. The government plans to identify 20 smart cities in 2015, 40 in 2016, and 40 in 2017. A total of ₹48,000 crores will be spent on this project over 5 years by the central government, with each smart city receiving ₹200 crores in the first year and ₹100 crores annually for the next 4 years. Key elements of smart cities include 24/7 utility services, robust public transportation, jobs and livelihood opportunities, entertainment facilities, safety, education and healthcare. Smart cities will also minimize waste and maximize energy and water efficiency.