6 months ago
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The Greater Visakhapatnam Municipal Corporation (GVMC) assembly has approved the implementation of the ‘Annuity Payout Model’ for the improvement and attraction of 88.35 km of roads wrong the corp limits, announced Commissioner Ketan Garg successful a merchandise connected Wednesday
He said: “With an estimated task outgo of ₹307 crore, the exemplary volition guarantee consistency successful roadworthy quality, uniformity successful construction, and timely completion of works, portion reducing expenditure and improving fiscal ratio for the GVMC.”
Mr. Garg said that the caller exemplary is being introduced successful Visakhapatnam metropolis for the archetypal clip and offers important advantages. It volition regenerate the contiguous strategy wherever aggregate contractors are awarded tiny idiosyncratic works. Under the Hybrid Annuity Model (HAM) the full task volition beryllium assigned to a single, ample contractor, ensuring consistency, prime and uniformity successful roadworthy design.
Currently, the GVMC spends astir ₹90 crore annually connected roadworthy maintenance, with predominant tendering. The Annuity Payout Model volition pull reputed contractors who tin present high-quality results without delays caused by aggregate tendering. Similar projects person been successfully implemented successful Hyderabad and Thiruvananthapuram.
“The task volition screen large roads 40 feet wide oregon more. The enactment scope includes roadworthy resurfacing, improvement of the cardinal median, greenery development, and the proviso of assorted municipality amenities.”
The roads selected nether the Annuity Payout Model are successful portion II (31.61 km), portion III (14.24 km), portion IV (8.65 km), portion V (3.70 km), and portion VI (30.15 km). Selection of the zones was based connected method feasibility, postulation density, and strategical importance, covering key, major, arterial, and VVIP question corridors, helium said.
The bidder’s scope includes Capital Expenditure (CapEx) for task components specified arsenic lighting, inferior ducts, CCTV cameras, dustbins, benches, information equipment, large junction development, bio-toilets, parking, way-finding systems, and autobus shelters.
Operation and Maintenance (O&M) responsibilities volition encompass mechanical sweeping, drainage cleaning, pothole repairs, landscaping, thoroughfare airy maintenance, roadworthy marking, attraction of roadworthy and thoroughfare furniture, and civilian and electrical attraction of junctions.
As per the GVMC officials, works indispensable beryllium completed wrong 1 year, aft which the contractor support the roads for 10 years. Revenue generated from advertisements and different streams volition beryllium adjusted against the Annuity Payments.
The Andhra Pradesh Urban Infrastructure Asset Management Limited (APUIAML) volition supply Transaction Advisory and Independent Engineer Consultancy services to the GVMC for this project.
