Dedicated locality research platform
Enter your email address and you will receive
a link to reset your password
The proposed Visakhapatnam metro rail project has been lingering in the detailed project report (DPR) stage for nearly a decade, facing a series of setbacks and delays. The project was first introduced during the TDP regime, with the initial DPR prepared several years ago. In September 2017, a global 'expression of interest' was floated for the project, which envisioned a route length of 42.5 kilometres, with an estimated cost of 8,300 crore.
Following this, five bidders were shortlisted to move on to the 'request for proposal' stage. Although the bidding process was completed by March 2019, the announcement of the successful bidder was postponed due to impending general elections at that time.
The 2019 elections ushered in a change of leadership, and subsequently, the earlier tenders were retracted. Another blow to the project came when the Export-Import Bank of Korea, a key financing entity, withdrew from the project in 2019, citing its inability to fund it.
To revive the project, a new DPR was formulated, expanding the scope to include additional areas like Bhogapuram. After obtaining the necessary approvals from the state government, the revised DPR needs to be submitted to the central government for viability gap funding.
In a recent development, the state's chief secretary, Dr. K S Jawahar Reddy, chaired a meeting with district officials, including representatives from the Andhra Pradesh Metro Rail Corporation Limited. He emphasized the need to resolve all technical issues related to the project by January 2024 and expedite its progress.
According to the revised DPR, the estimated cost for the expanded metro project, covering a distance of 76.9 kilometres, stands at 14,309 crore. This estimation doesn't include an additional proposal for nearly 60 kilometres of modern trackless tram corridors in other routes.
The expansion of the project encompasses several new areas that were not part of the original 42.5-kilometer DPR prepared before 2019. These additions, such as Bhogapuram, Anakapalli, Pendurthi, among others, have significantly increased the overall length of the project to nearly 140 kilometres. This comprises around 80 kilometres for the metro and approximately 60 kilometres for the tram corridors.
While the Union government does consider financial assistance for metro rail projects upon request from the respective state governments, the approval and allocation of resources depend on the feasibility of the proposal and the availability of funds. The central government allocated a total of 19,500 crore to various metro projects across the country in the recently released budget for the fiscal year 2023-24.
In conclusion, the Visakhapatnam metro rail project has faced extensive delays and challenges, with the project still in the DPR stage, even after nine years since its initial proposal. The changes in leadership, financing hurdles, and the project's expansion have all contributed to its prolonged development timeline. The upcoming efforts to resolve technical issues and expedite the project's progress are essential steps towards bringing this significant infrastructure project to fruition and improving urban transportation in Visakhapatnam. The central government's support and allocation of funds will play a crucial role in advancing the metro project's prospects.
Propscience is India’s dedicated property news portal. We cover the latest events, news, trends, deals, new launches and more.
All our services and tools are completely free of cost and available 24X7!
We use cookies to give you the best possible service while using our website, please click accept and carry on browsing if you're happy with this. For more information see our Privacy Policy.
Okay, Got it!This disclaimer ("Disclaimer") is applicable to the entire Site. Upon entering the Site it is recommended that you immediately read the Terms and Conditions and Privacy Policy listed therein. Your continued usage of this Site will indicate your unconditional acceptance of the said Terms and Conditions and Privacy Policy. You hereby agree that Propscience reserves the right to modify at any time, the Terms and Conditions and Privacy Policy governing this Site without prior notification. Your usage of the Site implies that you will be bound by any such modification. You agree and acknowledge that it is your responsibility to periodically visit the Site and stay updated with the Terms and Conditions and Privacy Policy of the Website.
The information contained in this Site has been provided by Propscience for information purposes only. This information does not constitute legal, professional or commercial advice. Communication, content and material within the Site may include photographs and conceptual representations of projects under development. All computer-generated images shown on the Site are only indicative of actual designs and are sourced from third party sites.
The information on this Site may contain certain technical inaccuracies and typographical errors. Any errors or omissions brought to the attention of Propscience will be corrected as soon as possible. The content of this Site is being constantly modified to meet the terms, stipulations and recommendations of the Real Estate Regulation Act, 2016 ("RERA") and rules made thereunder and may vary from the content available as of date. All content may be updated from time to time and may at times be out of date. Propscience accepts no responsibility for keeping the information in this website up to date or any liability whatsoever for any failure to do so.
While every care has been taken to ensure that the content is useful, reliable and accurate, all content and information on the Site is provided on an "as is" and "as available" basis. Propscience does not accept any responsibility or liability with regard to the content, accuracy, legality and reliability of the information provided herein, or, for any loss or damage caused arising directly or indirectly in connection with reliance on the use of such information. No information given under this Site creates a warranty or expands the scope of any warranty that cannot be disclaimed under applicable law.
This Site provides links to other websites owned by third parties. Any reference or mention to third party websites, projects or services is for purely informational purposes only. This information does not constitute either an endorsement or a recommendation. Propscience accepts no responsibility for the content, reliability and information provided on these third-party websites. Propscience will not be held liable for any personal information of data collected by these third parties or for any virus or destructive properties that may be present on these third-party sites.
Your use of the Site is solely at your own risk. You agree and acknowledge that you are solely responsible for any action you take based upon this content and that Propscience is not liable for the same. All details regarding a project/property provided on this Site are updated on the basis of information available from the respective developers/owners/promoters. All such information will not be construed as an advertisement. To find out more about a project / development, please register/contact us to visit the site you are interested in. All decisions taken by you in this regard will be taken independently and Propscience will not be liable for any such loss in connection with the same. This Site is for guidance only. Your use of this Site - including any suggestions set out in the Site and or any use of the resources available on this Site, do not create any professional - client relationship between you and Propscience. Propscience cannot accept you as a client until certain formalities and requirements are met.
We use cookies to give you the best possible service while using our website, please accept it and continue browsing if you're happy with this. For more information see our Privacy Policy