Andhra Pradesh CRDA approves additional capital works in Amaravati costing ₹2,723 crore
The Hindu
Andhra Pradesh CRDA approves ₹2,723 crore for Amaravati development, focusing on global standards and equitable district growth.
The Andhra Pradesh (A.P.) Capital Region Development Authority (CRDA) approved various building and infrastructure works in Amaravati costing about ₹2,723 crore in its 44th meeting held on Monday (December 23, 2024.)
Briefing media persons about it, Municipal Administration Minister P. Narayana said that while focussing on transforming Amaravati into a vibrant capital city of global standards, the government was preparing plans to develop all the 26 districts with equal priority.
The government planned to construct satellite cities/townships wherever big companies and institutions were established in the districts to spur the local economy. Land for these cities and townships would be pooled to the extent possible like it was done in Amaravati.
Unfortunately, the YSR Congress Party leaders were creating a wrong impression that the government was pouring all the resources into the Amaravati project at the cost of development of other cities and towns.
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Mr. Narayana said the loans raised for the development of Amaravati would be repaid by monetising the lands. “The development of Amaravati would be completed in three years, for which tenders were in the process of being invited,” he said.
On TIDCO houses, Mr. Narayana said it has been resolved to complete the construction of 1.18 lakh houses by the end of 2025.
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