AIIB Eyes Funding for AP Metro Projects
The Asian Infrastructure Investment Bank (AIIB) has expressed interest in financing Phase I of the metro rail projects in Visakhapatnam and Vijayawada.Officials from AIIB recently met with Andhra Pradesh Metro Rail Corporation Ltd (APMRCL) Managing Director NP Rama Krishna Reddy and other senior representatives to discuss potential funding options. The team also conducted site inspections along key metro corridors in Vijayawada.The total estimated cost for both projects is Rs 120 billion—Rs 61 billion for Visakhapatnam and Rs 59 billion for Vijayawada. AIIB has proposed attractive loan terms..
BMRCL Proposes Tumakuru Metro Extension Via PPP Model
The Bangalore Metro Rail Corporation Limited (BMRCL) has submitted a feasibility report to the Karnataka government, proposing the extension of Namma Metro’s Green Line from Madavara to Tumakuru. If approved, the 59.6-kilometre corridor with 26 stations would become the first intercity metro link under the Namma Metro network.Prepared by Hyderabad-based Aarvee Associates Architects Engineers & Consultants Pvt Ltd, the feasibility study examines the technical and financial viability of constructing the corridor along Tumakuru Road. The study was commissioned on 29 June 2024 at a cost of R..
Palakkad Smart City Phase 1 to Cost Rs 11 Bn
The first phase of infrastructure development for the proposed Palakkad Smart City is estimated to cost Rs 11 billion. The smart city is a key component of the Kochi–Bengaluru Industrial Corridor and will focus on infrastructure upgrades across 1,400 acres in the Puthussery Central and Kannambra areas.Kerala Industries Minister P. Rajeeve announced that tenders have already been invited for core infrastructure works, which are central to the broader Industrial Corridor Development Project. The development is expected to be completed within four years.Tenders will soon be floated for the Inte..
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