Vuda has taken up a number of projects in the areas of housing, tourism, entertainment and commercial space under PPP, on the basis of lease, revenue sharing and Build-Operate- transfer. A review was conducted with the officials, as well as the private partners of PPP projects, on Sunday, to discuss issues from both sides. 

 

The projects are Big Screen at Tenneti Park, Commercial complex in front of Vuda office, revolving restaurant and cottages atop Kailasagiri, Mega Hosuing Project at Rushikonda, Boat Club at Vuda Park, Vaisakhi Jala Udyanavanam and Ultra Modern Layout at Dakamarri and others.

 

Vaibhav, Maytas, Radiant, L & T, Fusion foods, Nirmitha Boat Club, Ambica, Vensor and other organizations were assigned these projects through open tendering and open auction procedures. Some housing projects like Panchavati Township, with Vision Ventures, Bay Mount, with Balaji Constructions, and Sunny Isles, with KSR Properties, at Rushikonda and commercial complex at Vizianagaram , have been already completed.  “The remaining projects, initiated in recent times, are held back due to many reasons.”