Vijayawada, Sept. 10 -- Minister for Social Welfare and Visakhapatnam district in-charge Minister Dola Bala Veeranjaneya Swamy today said that an underground drainage system would be constructed by spending Rs 553 crore.
In a release here, he said that the Visakhapatnam Municipal Corporation signed an agreement with the IFC to carry out underground drainage works in the GVMC Zone 2 in Visakhapatnam at a cost of Rs 553 crore.
"For the first time in the country, the GVMC has signed an agreement with the IFC to take a loan to carry out underground drainage works in the GVMC Zone 2 at a cost of Rs 553 crore. The Greater Visakhapatnam Municipal Corporation is the first Corporation in the country to sign with the IFC to take loan for undergroun...