Joint Venture Approved for Visakhapatnam, Vijayawada Metro
Representative Image VIJAYAWADA: To encourage joint venture (JV) participation in the International Competitive Bidding (ICB) for Phase 1 of the Visakhapatnam and Vijayawada metro rail projects, the AP Metro Rail Corporation (APMRCL) has officially stated that a maximum of three bidders can form a JV to take part in the bidding process. This initiative aims to enhance competition among bidders for both metro rail projects. However, the APMRCL has declined the bidders’ suggestion to divide the metro project works into multiple packages, which was proposed during the pre-bid meeting. In an interview with TOI, APMRCL MD NP Rama Krishna Reddy…