Visakhapatnam to upgrade 88 km of city roads under new annuity model

The Greater Visakhapatnam Municipal Corporation (GVMC) on Sunday approved an annuity-based model to upgrade 88 km of urban roads across the city, marking the civic body’s first use of this financing approach.

Under the model, private partners will execute the work upfront and be repaid in instalments over the contract period.

The project includes resurfacing, drainage upgrades, lighting improvements and pedestrian facilities, reported The Times of India.

GVMC Commissioner Jinnala Umamaheswara Rao said the move aligns with efforts to attract more private participation in urban road development and improve long-term maintenance standards.

Officials said the upgrade will be rolled out in phases and will focus on improving mobility on key stretches across the expanding city.