The muse for a number of financial and infrastructure growth tasks shall be laid by Prime Minister Narendra Modi on November 11 within the metropolis of future.
He shall be within the coastal metropolis to put the groundwork for a Rs 400 crore undertaking to modernise the Visakhapatnam railway station, railway officers have been knowledgeable.
The undertaking shall be developed utilizing an EPC (Engineering, Procurement, and Building) mannequin. The officers acknowledged a three-year timeline for the completion of the undertaking.
Visakhapatnam is without doubt one of the fastest-growing cities within the nation. The expansion of the IT sector in current instances has considerably boosted the financial exercise within the metropolis. Redevelopment of the Visakhapatnam railway station may have a multiplier impact on the native financial system and additional intensify progress within the area.
In response to the Financial Instances, PM Modi may also lay the groundwork for and formally open numerous government-funded initiatives, together with the Rs 26000 crore growth and renovation of the Visakhapatnam HPCL petroleum refinery; the primary part of a brand new campus for IIM Visakhapatnam.
A ceremony to put the muse stone for the headquarters undertaking of the South Coastal Railway Zone, the Visakhapatnam cruise terminal, a contemporary mega fishing harbour; and a Rs 385 crore 400-bed speciality hospital can be deliberate.
GVL Narasimha Rao, a Rajya Sabha member, acknowledged that the Prime Minister’s go to might characteristic numerous initiatives and developments at Jap Naval Command and different defence amenities in Visakhapatnam.