VMRDA examines multi-level parking project | Visakhapatnam news
Visakhapatnam: The Visakhapatnam Metropolitan Area Development Authority (VMRDA) hosted a virtual proposal review meeting multi-level parking installation in Siripuram Wednesday.
The Urban Development Authority recently finalized tenders for the MLCP for Rs 67.5 crore.
During the review meeting, VMRDA Metropolitan Commissioner P Koteswara Rao asked representatives of Andhra Pradesh Urban Infrastructure Asset Management Ltd. the end-to-end project manager and the project transaction advisor.
Koteswara Rao said VMRDA had already issued the letter of agreement to Vijay Nirman Company Pvt Ltd, which packed the project for Rs 67.57 crore. “They would submit a project plan to be implemented within the next 45 days. They would also submit weekly and monthly progress reports. VMRDA officials and the contractor should be ready to start work as curfew restrictions are relaxed, ”Koteswara said.
The MLCP project is expected to be completed within 18 months. The multi-level ramp parking can accommodate 450 cars and 600 bicycles. Six floors of the MLCP would be allocated to commercial and institutional spaces.