Metro Rail project – The high capacity public transport project for the city of destiny – Visakhapatnam.
The state government decided to start Metro Rail project in Visakhapatnam and will allow 250 acres land and permission required for this is still pending and that will be discussed in Cabinet meeting Mr. Naidu said
Chief Minister Mr. Naidu said that we can develop the allotted land on commercial line and the revenue generated from that can be used for the construction of the project.
Five companies are short-listed for the project, the project estimation is 8,300 crores which was under the innovative PPP mode
For this project, 3 corridors were proposed in a stretch of 42.5 Km and which will be developed in five years. The cost for this will be 4,100 crores. And the estimated cost for the Elevated corridors, station, and expenses will be 4,200 crores. Also, the developers will maintain the project for 30years.