The Navaratna Central Public Sector enterprise expressed its willingness to lend the funds after the state's Municipal Administration Minister P Narayana held talks with HUDCO officials in Delhi on Monday.
Published Oct 22, 2024 | 1:01 PM ⚊ Updated Oct 22, 2024 | 1:01 PM
CRDA to take up Amaravati development with Rs. 24,276 crore (Supplied)
HUDCO will lend to Andhra Pradesh ₹11,000 crore to develop the Amaravati greenfield capital city, the state government said.
The Navaratna Central Public Sector enterprise expressed its willingness to lend the funds after the state’s Municipal Administration Minister P Narayana held talks with HUDCO officials in Delhi on Monday, 21 October.
The Housing and Urban Development Corporation (HUDCO)’s affirmative action augurs well for the government to expedite the works, which resumed on Saturday, 19 October.
The previous YSRCP government, which played hard for three capitals, had put the development of Amaravati on hold for five years.
Amaravati and Polavaram are the two projects the N Chandrababu Naidu-led NDA government is planning to complete on a priority basis.
The state government has estimated a cost of ₹50,000 crore for developing basic facilities such as roads, drainage, and drinking water in returnable plots allotted to the farmers, who had surrendered their land for the Amaravati project under the land pooling scheme.
The first phase of the work is expected to cost ₹26,000 crore. The NDA government had tapped the World Bank and Asian Development Bank for ₹15,000 crore which is now through.
Meanwhile, the works of the seven-storey Andhra Pradesh Capital Region Development Authority building at Rayapudi in Amaravati region are in full swing. The completion of the building would require ₹160 crore. The APCRDA has so far spent ₹61.5 crore on the 2.42 lakh sq ft office.
Prime Minister Narendra Modi laid the foundation stone for Amaravati on Vijayadashami day, 22 October 2015, at Vuddandarayanipalem in Thullur Mandal in Guntur district.
He brought an urn containing soil from the Parliament complex and water from the Yamuna river and handed it over to Naidu at the foundation stone laying ceremony of ‘Amaravati.”
He, however, did not announce any monetary help which elicited sharp criticism that he gave only soil and Yamuna water and no money for the Amaravati project.
The then Telangana chief minister K Chandrashekar Rao also attended the ceremony despite the bitter hatred the people had harboured against him for dividing the state and denying Hyderabad as its capital.
The construction of a temporary building for the state Secretariat was completed at Velagapudi in October 2016 at a cost of ₹230 crore. Later, the Andhra Pradesh High Court was housed in a new building that came up in Amaravati. The building with 16 court halls spread over 2.7 lakh sq ft was inaugurated by the then Chief Justice Ranjan Gogoi.
After returning to power for the second time in Andhra Pradesh, Naidu decided to use the same designs for Amaravati finalised during his first term. Tenders for the construction of the buildings — including for those left halfway — are expected to be floated soon.
(Edited by Majnu Babu).
