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1.We have invested in four projects with a total equity investment of Rs 2.05 bn

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

2.Will Visakhapatnam, Kolkata, Chennai and Pune get a second airport?

Civil Aviation Ministry is planning on offering additional options for travelers with talks on for a second airport to be planned and developed in India

3.Smart city works worth Rs 6.50 billion underway

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).

4.Centre sanctions fund for Kotipalli-Narsapuram railway line

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.

5.Bond with the Best!

Does India have instruments to fund Rs 350-bn a year for urban development?

6.Port operations of among the largest breakwater projects to start from 2020

In order develop the backward Prakasam district, the Andhra Pradesh Government has taken the initiative of constructing the Ramayapatnam port.

7.Visakhapatnam Urban Development Authority plans 900 acre township in suburbs

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.

8.India and ADB sign $375 million in loans and grants for Phase-I of East Coast Economic Corridor

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).

9.Proposals submitted for 90 projects under Sagarmala

Reports indicate that the Andhra Pradesh Government and Visakhapatnam Port Trust (VPT) have submitted proposals for 90 projects with an outlay of Rs 130,763 crore under the Sagarmala project.

10.Vizag to get one more 100-ft road

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.

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