The Andhra Pradesh government and the US Trade Development Agency (USTDA) have signed a memorandum of Understanding (MoU) for the development of smart cities.
The MoU was signed in the presence of Union Minister for Urban Development, Venkaiah Naidu, and officials of the US and Indian governments.
As per the MoU, USTDA plans to contribute funding for feasibility studies and pilot projects, study tours, workshops and training related to smart cities. In addition, it will also support consultancies and advisories for the development of Visakhapatnam into a smart city.
Other US government agencies such as the Department of Commerce and US Exim Bank, will also support the effort of two parties to the MoU.
USTDA also intends to call upon US industry organisations to mobilise private expertise and resources to address important aviation and energy-related infrastructure connected to developing smart cities.
More Project Info:
Smart City (Visakhapatnam) Project