Blog Entry# 1960441
Posted: Aug 12 2016 (16:09)
Last Response: Aug 12 2016 (16:09)
Commentary/Human InterestECoR/East Coast -Aug 12 2016 (07:33) Rs. 13,488-cr. Vizag Metro to be unique PPP
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The proposed Visakhapatnam Metro Rail Project will be a unique one in the Public Private Partnership (PPP).
The idea is to make the project more sustainable for the developer and affordable for the public, according to Amaravati Metro Rail Corporation (AMRC) MD NP. Ramakrishna Reddy.
Touted to be the first of its kind of model in the country, the Andhra Pradesh Government is planning to ease the burden on the developer by reducing the cost by 40 per cent. The decision has been taken in the backdrop of the unviable nature of metro...
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