Visakhapatnam :

Greater Visakhapatnam Municipal Corporation (GVMC) has mooted a proposal to hand over the Sivaji Park at Sivajipalem and MVP Road to a private company on a public private partnership (PPP) venture. On Saturday, two companies expressed interest in maintaining the park through open tenders.

Confirming this, GVMC commissioner MV Satyanarayana said that one of the companies was keen to offer Rs 20 lakh to the GVMC per annum in accordance to run the park spread over 16.52 acres. However, it would take some time to take a final decision on handing over the running of the park to a private party.

source: http://www.timesofindia.indiatimes.com / The Times of India / TNN / September 07th, 2014