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Visakhapatnam Metro | Government plans to allot 250 acres for Vizag metro project

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Visakhapatnam: The State government will allot 250 acres land for the Visakhapatnam Metro Rail project in Visakhapatnam, Chief Minister N. Chandrababu Naidu has said.

Vizag metro is a rapid transit system in Visakhapatnam, Andra Pradesh. The system is proposed to reduce traffic as was as providing a good public transport system in the city which is the largest city and the main hub of economic activity for Andra Pradesh.

The metro rail project was planned by Great Vishakhapatnam Municipal corporation (GVMC). To calm down the traffic condition on the streets.

The reports will also consider operating losses and based on expert advice mention recommended changes while preparing a draft for Vizag Metro Rail Project. As per the preliminary plan, the Vizag Metro Rail project will be completed into three corridors covering 42.55 km and the approximate project cost is estimated at Rs 8,800 crore. This cost excludes the land and the R&D cost that will be incurred while constructing the Visakhapatnam metro project.

Addressing officials at a review meeting at the Secretariat on Wednesday, Mr. Naidu said permissions required for the project would be discussed in the Cabinet meeting.

“The land allotted can be developed on commercial lines and the revenue thus generated utilized for construction of the project. Tenders have to be invited as soon as permissions are granted,” Mr. Naidu said.

“The land allotted can be developed on commercial lines and the revenue thus generated utilized for construction of the project. Tenders have to be invited as soon as permissions are granted,” Mr. Naidu said.

Officials told the Chief Minister that five companies had been short-listed for the ₹8,300 crore project, which was being taken up under the “innovative PPP mode.”

Three corridors, in a stretch of 42.5 km, were proposed as part of the project. They would be developed in five years at a cost of ₹4,100 crore. Elevated corridors and stations would come up at an estimated cost of ₹4,200 crore. The developer would have to maintain the project for 30 years, the officials told Mr. Naidu.

Richa Bhateja
Richa Bhatejahttps://www.metrorailnews.in
Richa Bhateja is working with Metro Rail News as Media Intern and She is currently pursuing Bachelor in Journalism & Mass Communication (BJMC) from Fairfield Institute of Management & Technology affiliated to Guru Govind Singh Indraprastha University, New Delhi.

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