The VUDA Children’s Theatre and FinTech Tower will be inaugurated by CM, Chandrababu Naidu tomorrow. The Children’s Arena is getting finishing touches done for the inaugural tomorrow.
The arena that cost Rs 22.16 crore is spread over 4000 sq mt in two floors. Compared to the 23 feet entrance earlier, it now stands at a massive 70 feet. The ground floor has a capacity of 400 and the top floor can hold 600 people. There’s also a children’s play area with a mini zoo holding ducks and rabbits.
The construction of the arena began in 2013 and the work is finally completed after a delay of one and half years. The old theatre earned Rs 2.5 lakh per year and the new multipurpose hall and auditorium is expected to earn Rs 36 lakh.
The CM will also be interacting with CEOs and executives of top global companies tomorrow. The FinTech Tower is located in the Cyber Valley facing Rushikonda. He will sign MoUs with four FinTech companies for letting them collaborate with local educational institutes and prepare curriculum. The tower is a built up space of over one lakh sq ft, and the allotment of space in the first floor is already done. Paytm, Block Trust, GMS Solutions and more will find space in these towers generating jobs.