In a major development, the state government cleared Rs 8,000 crore Light Metro Rail project for Visakhapatnam. The Visakhapatnam Urban Development Authority (VUDA) will be supervising the project operations. In the first phase, the 42.54 km stretch from Gajuwaka to Kommadi will be covered. 50 per cent of the project cost will be born by the Amaravati Metro Rail Corporation (AMRC) and the remaining cost would be raised under PPP model. Municipal Administration Minister Narayana said that several international companies are showing interest in partnering up with the project.