CM Advocates 100% Central Equity Funding For Vizag, Vijayawada Metro Projects
RAILWAYS & METRO RAIL

CM Advocates 100% Central Equity Funding For Vizag, Vijayawada Metro Projects

On January 2, 2024, Andhra Pradesh Chief Minister N. Chandrababu Naidu chaired a review meeting on the status of the Visakhapatnam and Vijayawada metro rail projects, attended by Ministers P. Narayana (Municipal Administration) and BC Janardhan Reddy (Transport, Roads, and Buildings), as well as AP Metro Rail Corporation (APMRCL) Managing Director N.P. Ramakrishna Reddy and other officials. During the meeting, he instructed that both projects be completed within four years and directed APMRCL to negotiate with the Central Government for 100% equity funding.

In his presentation, Ramakrishna Reddy highlighted that the Detailed Project Reports (DPRs) for the 76.90-km-long Visakhapatnam metro rail and the 66-km-long Vijayawada metro had already been approved. He noted that, prior to 2017, the Central Government did not fund metro projects in full, but under the 2017 policy, it had provided 100% equity funding for a 16-km-long metro rail project in Kolkata, at a cost of ?8,565 crore. This project was executed by the Ministries of Urban Development and Railways.

Naidu instructed the APMRCL MD to pursue 100% Central funding for both projects, referencing the AP Reorganisation Act, 2014, which provides for metro projects within the state. Both metro projects will feature double-deck sections in some stretches. In Visakhapatnam, this will extend from Madhurawada to Thatichetlapalem and Gajuwaka to the steel plant, while the Vijayawada metro rail will include a double-deck structure from Ramavarappadu Ring to Nidamanuru.

On January 2, 2024, Andhra Pradesh Chief Minister N. Chandrababu Naidu chaired a review meeting on the status of the Visakhapatnam and Vijayawada metro rail projects, attended by Ministers P. Narayana (Municipal Administration) and BC Janardhan Reddy (Transport, Roads, and Buildings), as well as AP Metro Rail Corporation (APMRCL) Managing Director N.P. Ramakrishna Reddy and other officials. During the meeting, he instructed that both projects be completed within four years and directed APMRCL to negotiate with the Central Government for 100% equity funding. In his presentation, Ramakrishna Reddy highlighted that the Detailed Project Reports (DPRs) for the 76.90-km-long Visakhapatnam metro rail and the 66-km-long Vijayawada metro had already been approved. He noted that, prior to 2017, the Central Government did not fund metro projects in full, but under the 2017 policy, it had provided 100% equity funding for a 16-km-long metro rail project in Kolkata, at a cost of ?8,565 crore. This project was executed by the Ministries of Urban Development and Railways. Naidu instructed the APMRCL MD to pursue 100% Central funding for both projects, referencing the AP Reorganisation Act, 2014, which provides for metro projects within the state. Both metro projects will feature double-deck sections in some stretches. In Visakhapatnam, this will extend from Madhurawada to Thatichetlapalem and Gajuwaka to the steel plant, while the Vijayawada metro rail will include a double-deck structure from Ramavarappadu Ring to Nidamanuru.

Related Stories

Gold Stories

Next Story
Infrastructure Energy

Asian Energy Services Q1 FY27 PAT Rises 129 Per Cent

Asian Energy Services Limited reported a 129 per cent year-on-year rise in net profit to Rs 128 million for Q1 FY27, compared with the corresponding quarter last year.Revenue increased 135 per cent year-on-year to Rs 2.71 billion, supported by continued momentum across its services business, disciplined execution and contributions from domestic and international operations. EBITDA grew 81 per cent year-on-year during the quarter.As of June 30, 2026, the company’s standalone order book stood at Rs 17.54 billion, with around 60 per cent coming from oil and gas services and 40 per cent from min..

Next Story
Infrastructure Urban

BioBTX to Build First Commercial-Scale Circular Chemicals Plant

Dutch circular chemistry technology developer BioBTX is building what it says will be the world’s first commercial-scale plant to convert mixed plastic waste into high-quality aromatic chemicals using its proprietary Integrated Catalytic Cracking Process (ICCP) technology.The facility will be built at Chemical Park Delfzijl on the northern coast of the Netherlands and is expected to create 35 jobs. Covestro, which has been a shareholder and strategic partner of BioBTX since 2024, holds a mid-single-digit million-euro investment in the company.BioBTX’s ICCP technology uses catalytic pyrolys..

Next Story
Real Estate

Awfis Q1 FY27 PAT Jumps 140% as Revenue Rises 27%

Awfis Space Solutions reported a 140 per cent year-on-year rise in consolidated profit after tax (PAT) to Rs 240 million for Q1 FY27, compared with Rs 100 million in the corresponding quarter last year.Revenue from operations increased 27 per cent to Rs 4.25 billion from Rs 3.35 billion, while EBITDA rose 28 per cent to Rs 1.62 billion. EBITDA margin improved to 38.2 per cent from 37.8 per cent. Profit before tax increased 135 per cent to Rs 240 million.The company's co-working business recorded 27 per cent year-on-year growth, supported by demand from enterprises, Global Capability Centres (G..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement