Vizag Tourism Icons Fast-Tracked: ₹470 Cr PPP Projects Hit RFP Stage for Economic Surge
VMDA's flagship tourism projects at Madhurawada, including the Vizag Experience & VR Arena, three-star hotel, and East Coast Habitat Centre, advance in Public-Private Partnership (PPP) mode with a ₹470 crore investment. These initiatives have reached the Request for Proposal (RFP) stage, enabling quick private sector involvement to accelerate development as new landmarks for Visakhapatnam. Authorities prioritize fast-tracking to capitalize on Vizag's growth momentum, blending tourism with economic vitality
The PPP framework attracts investors for funding, operations, and expertise, ensuring world-class standards in VR zones, aquariums, event spaces, and business facilities without straining public budgets. RFPs invite competitive bids, promising groundbreaking within months and operations aligning with the 5–7 year Bay City timeline from NITI Aayog. This mirrors successful models in IT campuses like Cognizant, boosting efficiency and innovation
These icons will generate jobs in hospitality, tech, and events, supporting Vizag's $135 billion economic target by 2032 while enhancing attractions amid cricket series and beach upgrades. Local entrepreneurs benefit from spillover in retail and services, elevating Madhurawada as a lifestyle hub linked to coastal expansions.
With pollution task forces ensuring clean environs, sustainable features like green energy secure long-term viability. Stakeholder consultations refine plans, positioning Vizag as Andhra's premier destination. Track RFP winners and progress on
