timmy Posted August 25, 2015 Author Report Posted August 25, 2015 Signature Tower to be built in two phases SANTOSH PATNAIK COMMENT · PRINT · T T In the first phase, an investment of Rs.290 cr. is envisaged in the PPP mode The Signature Tower proposed on the sea-facing Rushikonda hills in the Madhurawada IT Special Economic Zone in Visakhapatnam will be developed in two phases to make it a Global IT Hub if the efforts being made by the government fructify. For construction of the tower as part of the first phase, an investment of Rs.290 crore is envisaged in the Public Private Partnership mode. Private investor or consortium will take up the project under Design, Build, Operate, and Transfer basis. American property firm Jones Long LaSalle (LSS) has already made several visits to Visakhapatnam after its appointment as a project consultant. It will help the APIIC in selecting the development partner. “The pre-bid conference on the project, which is aimed at enhancing the brand image of Andhra Pradesh, will be held on September 9 at Hyderabad,” APIIC Chief General Manager (Projects) Ch.S.S. Prasad told The Hindu . Of the 17.98 acres earmarked for the project, eight acres will be allotted for the first phase. The developer will develop 9,05,292 sq. ft. of the built-up area with a provision for parking of 1,350 cars. The super-structure will also have support facilities for IT and ITES units such as hospitality, retail, and recreation. APIIC officials said that they were expecting a good response to the Request for Proposal (RFP) notification, which was issued on August 17. Chief Minister N. Chandrababu Naidu, during an investors’ meet here last year, had declared that the Signature Tower would have better architectural design than the Cyber Towers of Hyderabad to make Visakhapatnam the IT Capital of A.P. by attracting national and international investors. http://www.thehindu.com/news/cities/Visakhapatnam/signature-tower-to-be-built-in-two-phases/article7577867.ece
tom bhayya Posted August 25, 2015 Report Posted August 25, 2015 a very good evening alex :) dinner plans enti??
tom bhayya Posted August 25, 2015 Report Posted August 25, 2015 pasta ... nuvvu :) inka em anukoledhu chudaali :P
Rendu Posted August 25, 2015 Report Posted August 25, 2015 Ippudu tdp govt cheyakapothe Next elections campaigning Andaman lo chesukunte better
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