MoU signed to develop Vizag as Smart City

Hyderabad/ New Delhi: The Andhra Pradesh government and US Trade Development Agency on Sunday signed a memorandum of understanding (MoU) for the development of Visakhapatnam as smart city. The MoU was signed in the national capital on the first day of US President Barack Obama's three-day visit to India.

AP Chief Secretary IYR Krisha Rao and US Trade Development Agency (USTDA) Director Leocadia I Zac signed the MoU in presence of Urban Development Minister Venkaiah Naidu and various officials of the US and Indian governments. Under this agreement, USTDA intends to contribute funding for feasibility/pilot studies, and study tours workshops/trainings. It will also support consultancies and advisories for the development of Visakhapatnam into smart city, said an official statement by the state government in Hyderabad.

Other agencies of the US government like the department of commerce and US Exim Bank would also support the effort of the two parties to the MoU.