APIIC invites bids for ₹1,190-cr urban infra project

In an initiative for the development of Krishnapatnam Industrial City, the APIIC has invited tenders for ₹1,190 crore infrastructure works including roads, bridges, potable water supply network, fire fighting system, recycle water supply network, storm water drainage and industrial effluent disposal network. The project has to be completed within two years after finalizing the tenders. The Krishnapatnam Industrial Smart City, which is a part of the Chennai-Bangalore Industrial Corridor, will be developed in an area of 12,944 acres of land. Under the first phase, approvals were given for the master plan of the AP Industrial Corridor Development Authority in an area of 2,134 acres. The Centre has already released ₹2,139 crore for the first phase works of the Krishnapatnam node. The State government gave an exemption for stamp duty and registration charges for the project, which is expected to attract ₹37,000 crore investments with huge direct and indirect job generation potentials. The industrial city will host industries of food processing, textiles, automobiles, optical fibres, and electronics.