logo
Metro rail will transform Vijaywada: NTR District Collector Lakshmisha

Metro rail will transform Vijaywada: NTR District Collector Lakshmisha

VIJAYAWADA: The Vijayawada Metro Rail project, spanning two corridors and covering a total of 38.40 kilometers with 33 stations, is set to significantly enhance urban mobility in the city, said NTR District Collector G Lakshmisha.
The first phase includes Corridor 1A (Gannavaram to PNBS, 22 km) and Corridor 1B (PNBS to Penamaluru, 11 km), with land acquisition processes underway as per regulations.
Lakshmisha, along with Krishna District Collector DK Balaji, NTR Joint Collector S Ilakkiya, VMC Commissioner Dhyan Chand HM, and APMRCL Deputy CGM P Ranga Rao, reviewed the Comprehensive Mobility Plan (CMP) and Metro Rail project at a meeting held at the Collectorate on Friday.
Highlighting Vijayawada's strategic role as the gateway to the new capital Amaravati, the Collector stressed the importance of aligning transport infrastructure with future population needs. He noted that the CMP formulation is nearing completion and emphasised the importance of stakeholder input from departments such as National Highways, Roads & Buildings, Police, RTC, Airport Authority, and Municipal Corporation.
Krishna Collector DK Balaji assured full cooperation for the Metro project within Krishna district boundaries. Airport Director MLK Reddy and DCP M Krishnamurthy also participated.
During the meeting, Ankush Malhotra from Systra MVA Consulting (India) Pvt. Ltd. presented the draft CMP. He said the final plan will incorporate stakeholder suggestions and address the city's transport needs for the next 25 to 30 years.
The draft CMP is based on extensive surveys, including traffic and household studies, and considers geographic conditions, transport infrastructure, vehicle registration trends, and road safety. It aims to provide a roadmap for a robust and efficient urban transport system to support the city's growth.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Kalpataru Projects secures ₹989 crore in new power transmission orders
Kalpataru Projects secures ₹989 crore in new power transmission orders

Time of India

time8 hours ago

  • Time of India

Kalpataru Projects secures ₹989 crore in new power transmission orders

Kalpataru Projects International Limited (KPIL) on Monday announced securing new orders worth ₹989 crore in the power transmission and distribution (T&D) sector. With these new orders, the company's order intake till date in FY26 has reached ₹7,150 crore, KPIL said in an exchange filing. KPIL, along with its international subsidiaries, have secured new orders / notification of awards of approximately ₹989 crore. Manish Mohnot , MD & CEO, KPIL, said, "We are particularly enthused by the traction in our T&D business over the past few years on the back of increased demand for grid infrastructure globally. We are equipped to leverage the T&D opportunity given our execution prowess and global expertise across the T&D EPC value chain ranging from design, engineering, testing, tower manufacturing, installation and commissioning." KPIL is one of the largest specialised Engineering, Procurement, and Construction (EPC) companies engaged in Power Transmission & Distribution, Buildings & Factories, Water Supply & Irrigation, Railways, Oil & Gas Pipelines, Urban Mobility (Flyovers & Metro Rail), Highways and Airports.

Vadodara's green financing model: VMC launches book on successful bond issue
Vadodara's green financing model: VMC launches book on successful bond issue

Indian Express

time18 hours ago

  • Indian Express

Vadodara's green financing model: VMC launches book on successful bond issue

The Vadodara Municipal Corporation (VMC), in partnership with Deloitte, launched 'The Green Book: On Climate Finance and Green Municipal Bonds' in Thiruvananthapuram, Kerala, on the sidelines of a Security Exchange Board of India (SEBI) event, following the successful Bombay Stock Exchange (BSE) listing of Municipal Green bonds in March 2024. Taking VMC's success as a case study and benchmark for other civic bodies eyeing the stock exchange for generating funds, the Green Book shares the efforts undertaken by the VMC in launching Asia's first and a pioneering green bond. 'The Green Book, compiled through a joint effort of VMC and Deloitte, is an attempt to document the success and achievement of the VMC along with details of the efforts that went into listing the Green bond that will inspire other urban local bodies to take similar steps… The process and rules of SEBI are also included in the book,' said VMC Chief Accountant Santosh Tiwari. Tiwari has also been instrumental in the previous successful listing of a five-year Rs 100 crore bond at the BSE on March 23, 2022, for 14 projects under Atal Mission for Rejuvenation and Urban Transformation (AMRUT) scheme and had received 36 bids on the BSE BOND platform for Rs 1,007 crore, which was 10 times the issue size. The success of the listing had also enabled the VMC to become eligible for an incentive of Rs 13 crore from the Central government. The BSE BOND platform is an electronic platform provided by the BSE for the private placement of debt securities. It facilitates online bidding for these securities, aiming to improve price discovery and transparency in the fundraising process. The Green bond was VMC's second market issue. On Monday, Vadodara Mayor Pinky Soni, Municipal Commissioner Arun Babu, Deputy Mayor Chirag Barot, Standing Committee Chairman Dr Sheetal Mistry and Chief Accountant Santosh Tiwari, remained present at the event where SEBI whole-time member Ashwini Bhatia as well as SEBI Executive Director Pramod Rao and Deloitte Executive Director Vivek Mittal released the book. Babu, who took over as the Municipal Commissioner of Vadodara earlier this year, said, 'The bond is an innovative mechanism for green financing in the urban sector. Vadodara is playing a pioneering role in green financing.' The Vadodara Municipal Corporation (VMC) in March 2024 had successfully raised Rs 100 crore from the Certified Green Municipal Bond for Sustainable Water Infrastructure, which opened for bidding on the Electronic Bidding Platform (EBP) of BSE. The VMC received 44 bids on the BSE BOND platform for Rs. 1,460 crore within a second of opening the bid. The VMC said that the funds received from the bonds would be deployed in three projects — a 100 Million Litres per Day (MLD) sewage treatment plant (STP) at Sherkhi, a 21 MLD STP and pumping station at Undera and building new auxiliary pumping station (APS), pressures lines and drainage network at Bil village, which will help in disposal of sewage water effectively. Standing Committee Chairman Dr Sheetal Mistry said, 'The VMC has set a regional precedent with the success of the Green bond, which is certified by the Climate Bond Initiative (CBI) as a first for India and Asia. The book will provide other urban local bodies to take inspiration and follow the path set by the VMC in raising funds for infrastructure projects without depending solely on Central government grants.' Aimed at fostering sustainable urban development aligned with the Paris Agreement, these bonds are dedicated to enhancing liquid waste water management infrastructure across Vadodara, according to the VMC statement.

VMC releases book on Green Bonds issue at Sebi event
VMC releases book on Green Bonds issue at Sebi event

Time of India

time21 hours ago

  • Time of India

VMC releases book on Green Bonds issue at Sebi event

Vadodara: The successful issuing of Green Bonds by the Vadodara Municipal Corporation (VMC) has become a case study for other civic bodies in the country. The VMC has come up with a book titled 'The Green Book', which can be a guide for those wanting to study the process and utilization of the bonds. Tired of too many ads? go ad free now The bond issue of the civic body, which opened on March 1, 2024, was oversubscribed, getting bids amounting to Rs 1,460 crore. It was brought out with the help of the US Treasury office and Deloitte and is considered a landmark in the history of municipal finance using bonds. These bonds were the most subscribed municipal bonds ever in the country. The Green Book, drafted with Deloitte, provides detailed information about how the civic body went about the process of bringing out the bonds. It also talks about the challenges faced by the civic body. The booklet was released at a workshop for municipal corporations organized by the Securities and Exchange Board of India (Sebi) on 'pool financing' and 'being market ready'. "The event focused on alternative and smart initiatives to raise money for municipal projects," said VMC standing committee chairman Sheetal Mistry. The workshop was attended by mayor Pinki Soni, VMC commissioner Arun Mahesh Babu, chief accountant Santosh Tiwari and others.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store