The state government has fast-tracked the construction work on the Vizag Metro project in Andhra Pradesh as a result of collaborative efforts between the Central and State government, in partnership with IL&FS Engineering and Construction Limited. The first corridor will be 64.09 km long from Kurmannapalem Junction to Bhogapuram, passing through Gajuwaka and Anandapuram. The second corridor with a length of 6.5 km will connect Thatichetlapalem Junction (present National Highway) to Park Hotel. The third corridor, covering a distance of 5.5 km, will run from Gurudwara Junction (Santhipuram) to Old Head Post Office (OHPO) Junction via Diamond Park, LIC, Dabagardens, City Police Commissioner’s Office, and Poorna Market backside road. The project will be a collaborative effort, with the Central Government contributing 20% of the project cost as Viability Gap Funding (VGF), the State government contributing another 20%, and the remaining investment being secured from private investors through a PPP model.
📅Published on:
07 September 2023
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