Incorporated in 2016, the Sagarmala Development Company Ltd (SDCL), which is under the administrative control of the Ministry of Shipping, focuses on providing equity investments for projects across road, rail, logistics and port infrastructure as part of the Sagarmala programme
Our mission aims at efficiently utilising the available assets, resources and infrastructure to enhance the quality of urban life, says M Hari Naryanan, Municipal Commissioner, Greater Visakhapatnam Municipal Corporation (GVMC).
The Central Government has reportedly approved an amount of Rs 2 billion for the railway line between Kotipalli and Narsapuram. Besides, in the last four years, nearly Rs 10.30 billion was reportedly sanctioned to the railway line in Andhra Pradesh.
The Visakhapatnam Urban Development Authority (VUDA) is planning to develop a satellite township on nearly 900 acre near Lankalepalem on the outskirts of Vizag city. A survey of the land by the district revenue officials has been carried out. The 900-acre piece is reportedly located at the intersection of five villages of three mandals in the district.
The Asian Development Bank (ADB) and the Government of India have signed $375 million in loans and grants to develop the 800-km Visakhapatnam-Chennai Industrial Corridor, which is the first phase of a planned 2,500-km-long East Coast Economic Corridor (ECEC).
100-ft road in Madhurawada zone to promote connectivity in Visakhapatnam Metropolitan Region (VMR). Keeping in view the demand from the locals and the directions from Lok Ayukta, VUDA has initiated to construct a road connecting the national highway at Durga Theatre to Bakkannapalem junction, which is about 1.8 km.