The Visakhapatnam Metropolitan Region Development Authority (VMRDA) is checking on the development model for the proposed IT city.
The IT city would be established by VMRDA in collaboration with Andhra Pradesh Urban Infrastructure Asset Management Limited (APUIAML) as a joint venture. It would be set up in 20 acres
The preliminary proposals suggest that VMRDA will develop a built-up area of 30 lakh square feet. In addition to a 1.37 lakh square feet parking area, the IT city project is also deemed to have other facilities such as malls, hotels, multiplex, etc. VMRDA has also proposed to develop three residential blocks in the area.
The IT city project would prove to be another asset to Visakhapatnam, the experts feel. Visakhapatnam has been deemed to emerge as the IT hub of Andhra Pradesh. The state government has inked pacts with multiple firms to equip the city with an ecosystem that promotes new age technologies like blockchain among others.
VMRDA Chairman P Basanth Kumar said
, “The VMRDA has put forth several development models including the one on PPP mode.”This post was last modified on 17/09/2018 6:54 pm
Adari Kishore Kumar, the youth wing leader of the Telugu Desam Party (TDP), joined the…
Vesuvius, a world-renowned leader in the refractory industry, based in the United Kingdom, has recently…
The nomination process for the 175 Assembly segments and 25 Lok Sabha constituencies in Andhra…
This week has brought two new updates on the election front, with the Telugu Desam…
The Visakha District Dalit Unity Forum (VDDUF) representatives have called for the disqualification of the…
Ah, summer vacations! We grown-ups often look back fondly upon our golden childhood summers. The…
Leave a Comment