Visakhapatnam Smart City receives 61 project approvals worth Rs 9.42 bn
SMART CITIES

Visakhapatnam Smart City receives 61 project approvals worth Rs 9.42 bn

Visakhapatnam, one of the quadrilateral cities in Andhra Pradesh, was chosen for the Smart Cities Mission following a competition held from 2015 to 2018. Union Minister of State for Housing and Urban Affairs, Kaushal Kishore, provided this information in response to a query raised by BJP MP GVL Narasimha Rao during a session in the Rajya Sabha.

Kishore disclosed that the city received approvals for 61 projects amounting to Rs 9.42 billion. Among these, 36 projects have already been successfully completed, utilising Rs 452.25 crore. He highlighted that the execution of projects under the Smart Cities Mission is carried out through Special Purpose Vehicles (SPVs), jointly owned by the respective State governments and local urban bodies. Any complaints received are directed to the State governments for necessary actions. Additionally, Kishore mentioned that the Union Ministry occasionally conducts third-party evaluations in certain cases.

Furthermore, GVL Narasimha Rao sought details about the funding allocated for the development and renovation of the VMRDA (Visakhapatnam Metropolitan Region Development Authority) Park and other associated projects.

Spanning across 33 acres, the VMRDA Park is divided into three zones and is being transformed into a Smart Park catering to all age groups. Kishore elaborated that the park will feature various recreational elements such as nature trails, cycling tracks, landscaping with herbal flora, a dedicated multi-purpose lawn with a yoga circle, food courts, separate sports arenas for badminton, tennis, and basketball, a children's play area, an outdoor gym zone, boating facilities, and expanded parking provisions. As of July 31, a total of Rs 307.6 million has been invested in the project.

Visakhapatnam, one of the quadrilateral cities in Andhra Pradesh, was chosen for the Smart Cities Mission following a competition held from 2015 to 2018. Union Minister of State for Housing and Urban Affairs, Kaushal Kishore, provided this information in response to a query raised by BJP MP GVL Narasimha Rao during a session in the Rajya Sabha.Kishore disclosed that the city received approvals for 61 projects amounting to Rs 9.42 billion. Among these, 36 projects have already been successfully completed, utilising Rs 452.25 crore. He highlighted that the execution of projects under the Smart Cities Mission is carried out through Special Purpose Vehicles (SPVs), jointly owned by the respective State governments and local urban bodies. Any complaints received are directed to the State governments for necessary actions. Additionally, Kishore mentioned that the Union Ministry occasionally conducts third-party evaluations in certain cases.Furthermore, GVL Narasimha Rao sought details about the funding allocated for the development and renovation of the VMRDA (Visakhapatnam Metropolitan Region Development Authority) Park and other associated projects.Spanning across 33 acres, the VMRDA Park is divided into three zones and is being transformed into a Smart Park catering to all age groups. Kishore elaborated that the park will feature various recreational elements such as nature trails, cycling tracks, landscaping with herbal flora, a dedicated multi-purpose lawn with a yoga circle, food courts, separate sports arenas for badminton, tennis, and basketball, a children's play area, an outdoor gym zone, boating facilities, and expanded parking provisions. As of July 31, a total of Rs 307.6 million has been invested in the project.

Next Story
Infrastructure Urban

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Next Story
Infrastructure Energy

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Next Story
Infrastructure Urban

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement