News/City Updates

Uncertainity looms over the fate of Visakhapatnam metro rail project

The highly-anticipated metro rail project in Visakhapatnam has been hitting back-to-back roadblocks. The Union Budget hadn’t mentioned the project as a part of its plans, drawing flak from the public representatives in Andhra Pradesh. Also, with the Export-Import Bank of Korea, KEXIM, conveying its inability to provide financial assistance to the metro rail project in Visakhapatnam, reports claim that the authorities are currently on the lookout for a new bilateral/multilateral funding agency.

With the State’s Finance Minister announcing a monorail for Visakhapatnam, questions have been raised on the implementation of the metro rail project. A clear picture is yet to be attained as to how the State plans to execute the projects in Visakhapatnam and Amaravati. “A provisional allocation has been made, but we haven’t received any information on how the State government wants to proceed with the execution. As of now, things have been put on hold as a policy decision is awaited,” a senior official was quoted

as saying by The New Indian Express.

On the other hand, the decision to set up monorail in Visakhapatnam has evoked a mixed response from the citizens. While a few have backed the announcement owing to its lesser cost of construction per km, others have continued to back the metro rail project and demanded the fulfillment of the promises made in the AP Bifurcation Act.

The Forum for Development of North Andhra (FDNA) too raised concerns over the fate of the metro project in Visakhapatnam. “The Andhra Pradesh Bifurcation Act assured metro rail to Visakhapatnam. But the newly announced budget though mentioned monorail, raising doubts on the metro rail project,” A Aja Sharma, of the FDNA, noted.

This post was last modified on 17/07/2019 4:04 pm

Leave a Comment
Published by
Team Yo! Vizag

Recent Posts

Escape the mid-week madness with these 5 new OTT releases this week

The middle of the week is tough, isnt it? The high of last weekend is…

7 hours ago

Top 6 things to do at night in Vizag: Food, nightlife and more!

While Visakhapatnam is charming during the daytime with the glittering seaside and distinct blue skies,…

8 hours ago

LuLu Group to repossess land at Harbour Park allotted in 2018 to build mall in Visakhapatnam

Following recent announcements of LuLu Group returning to Visakhapatnam to set up a mall and…

8 hours ago

700-year-old Vishnu statue washed up on Rushikonda beach: What’s the story?

A remarkable discovery has recently captivated the internet, as news of a 700-year-old Vishnu statue…

10 hours ago

Craving France in Visakhapatnam? Eat these 9 dishes instead of booking a flight!

Cravings are an undeniable part of the human experience. Once they strike, there’s no turning…

10 hours ago

IPL predictions: KKR vs RR Predicted Playing 11 and Pitch Report  

As part of IPL 2025, Rajasthan Royals (RR) will be facing the defending champions, Kolkata…

11 hours ago