₹479-crore project to develop ‘priority road corridors' in Vizag and Vijayawada

Key Points

1. The Municipal Administration & Urban Development (MA&UD) Department sanctioned ₹479 crore for pilot projects under the City Roads Improvement Program (CRIP).
2. Two pilot projects will be implemented in Visakhapatnam and Vijayawada.
3. Visakhapatnam will have 88.54 km of urban corridors costing ₹306.95 crore.
4. Vijayawada will have 23.54 km of urban corridors costing ₹171.14 crore.
5. The CRIP follows the Design-Build-Finance-Operate-Transfer (DBFOT) – Hybrid Annuity Model (HAM).
6. Under HAM, 40% of the project cost is released during construction, and 60% over a 10-year O&M period.
7. AP Urban Infrastructure Asset Management Limited is the Independent Engineer for the CRIP.
8. The Request for Proposals (RFPs) will be notified next week by GVMC and VMC.