Vuda to form SPV for major projects

Visakhapatnam | Monday | 5th March, 2018

Summary:

Vuda chief urban planner V Bhavani Shankar and others were present at the press meet. Considering these experiences, we have now decided to go for SPV for all future projects. “The chief minister made several suggestions with regards to the proposed botanical garden project design. Vuda will be insulated through the SPV model,” added Basanth Kumar.He further said chief minister N Chandrababu Naidu had finalised the Mudasarlova Park redevelopment design, which is estimated to cost Vuda around Rs 30 crore. However, we managed to get a stay on the order from the Supreme Court..