Hyderabad to have tallest trade tower
In a bid to attract foreign investments, the state Govt has decided to construct it in Manchirevu near upcoming airport.india Updated: Mar 16, 2006 12:46 IST
This booming southern city will have India's tallest trade tower and longest flyover.
While the 60-storeyed trade tower, perhaps the tallest structure in the country, will promote this Andhra Pradesh capital as a global hub for trade, an 11.5-km flyover will link it to the upcoming international airport, proposed business district and FAB City, the country's first semiconductor manufacturing facility.
In a bid to attract more foreign investments, the state government has decided to construct the trade tower in Manchirevu near the upcoming airport on the outskirts of the city.
The tower will house corporates, star hotels and entertainment theatres.
The government has allotted 100 acres of land to the AP Industrial Infrastructure Corporation (APIIC) for the business district, where the tower will be built.
More than two towers of 30 to 40 floors each are also proposed to be built at the business district, APIIC Managing Director BP Acharya told newspersons.
The government-run body had initially planned twin towers on the lines of New York's World Trade Centre, but dropped the plan in view of the tragic overtones associated with such a design.
APIIC chairperson A Rambabu said a high-level delegation recently visited the Petronas Towers in Kuala Lumpur. It also plans visits to the Sears Towers in Chicago and another high-rise building being developed in Dubai.
He said the government would invite global tenders for the project in three months and the construction plan would be finalised in a year.
In another major development aimed at decongesting the city, the government has decided to build an 11.5-km-long flyover, the foundation stone for which is being laid Thursday.
The Rs 6-billion elevated expressway will be constructed from Sarojini Devi Eye Hospital near Mehdipatnam to Aramghar crossroads on the road to the new airport.
The $320 million airport is being built by Hyderabad International Airport Limited (HIAL), a joint venture of GMR, Malaysia Airports Holding Berhad (MAHB), Airports Authority of India (AAI) and the Andhra Pradesh government.
The first phase of the international airport, coming up on 5,400 acres of land, with the longest runway of 4.26 km will become operational by March 2008.