Visakhapatnam: Apart from loss of property post Cyclone Hudhud, Vizag has also lost its brand image as the only investment destination in Andhra Pradesh.
Wind speed of upto 200 kmph blew away the city, leaving it in shambles. In one such incident, an amateur video shows a brand new car falling off from a Chevrolet showroom in the city.
Devastating Cyclone Hudhud caused damage worth thousands of crores in the port city and other storm-hit areas of the coast.
Eastern Power Distribution Company of Andhra Pradesh Limited alone is estimated to have suffered a loss of Rs 40,000 crore, which includes damage to substations, high-tension transmission lines, poles and disruption in distribution network.
Pictures of damaged cars that fell off multi-level parking building due to Cyclone Hudhud. (Photo: ANI Twitter)
In the aftermath of the destruction, the Andhra Pradesh government is planning to mobilise financial resources for building the new capital city of Andhra Pradesh and also for reconstructing cyclone-hit Vizag through Social Impact Bonds.
