The upcoming 2200-acre GMR Visakhapatnam International Airport is set to enhance connectivity between Vizag and global destinations, promising significant growth and development for the city. Here are seven key developments expected from this project:
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Increased Foreign Investments Located just 40 km from Vizag, the airport is poised to attract IT and business investments from foreign companies, aligning with CM Chandrababu Naidu’s vision for Vizag as a commercial hub.
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Tourism Boost The beautification of the beach corridor between Vizag and Bhogapuram is anticipated to increase tourist traffic significantly.
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Emergence of International-Standard Services The airport will likely lead to the establishment of high-end hotels and malls, including a seven-star Oberoi group hotel and a planned project by the Taj group, facilitating round-the-clock activities in the city.
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Economic Growth A dedicated cargo terminal at Bhogapuram will cater to various commodities, reducing logistics costs for local industries and exporters, thus boosting economic activity.
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Six-Lane Road Connectivity A six-lane national highway connecting Visakhapatnam Beach Road to the Bhogapuram International Airport and NH-16, approved at a cost of Rs 6,300 crore, will feature cycle tracks, pavements, and a 10-meter green belt on both sides.
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Real Estate Boom Real estate along the new road to Bhogapuram is set to flourish, with villas, apartments, and commercial centers expected to emerge, driving up property prices.
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Enhanced Local Infrastructure The local infrastructure in Vizag is anticipated to improve with the construction of more flyovers and bridges, ensuring smooth traffic flow and ease of access for foreign delegations.
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Job Creation The growth in hospitality and aviation sectors will create over 600,000 direct, indirect, and induced job opportunities for Vizag residents, boosting the local economy.
Set for completion by 2025, the Bhogapuram Airport is expected to transform Visakhapatnam, ushering in a new era of development and connectivity.