VISHAKHAPATNAM (Metro Rail News): In a written reply to Vizag MP MVV Satyanarayana and Anakapalli MP Beesetti Venkata Satyavathi, Union Minister of State for Housing and Urban Affairs Kaushal Kishore reconfirmed in the Lok Sabha on February 2 that the Union Government has not yet received any proposal concerning the Vizag Metro Rail Project. The former TDP government had created a detailed project report (DPR) for the metro rail with a stretch of 42.5 kilometres and an estimated cost of 8300 crores.
A global expression of interest was issued in September 2017, and the DPR was then submitted for external financial assistance from the Export-Import Bank of Korea. In the first quarter of 2019, five selected bidders submitted their quotations, yet the successful bidder’s name was announced after the 2019 elections.
The Korean bank decided to exit the project in 2019, conveying its inability to finance it. After the new government in AP had taken office in 2020, they retracted the tenders released by the previous government, bringing the project back to the drawing board. The AP Metro Rail Corporation Limited was then assigned to prepare separate DPRS for the proposed metro project and tram corridors.
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