1. Andhra Pradesh allots land for projects worth Rs 17,808 crore

Andhra Pradesh allots land for projects worth Rs 17,808 crore

As Andhra Pradesh gears up to shape its new capital Amaravati, it has allotted 996 acres of land to a dozen institutions to set up educational, health and other bodies at a projected cost of Rs 17,808 crore.

By: | New Delhi | Published: June 14, 2017 5:44 PM
Andhra Pradesh, Andhra Pradesh new capital, Andhra Pradesh capital Amaravati, Andhra Pradesh allots land, land for projects, Andhra Pradesh government, Andhra Pradesh institutions, Andhra Pradesh projects, Andhra Pradesh land projects Land has also been allotted to Reserve Bank of India, Central Public Works Department, Central Institute of Design Tools, National Institute of Designs and AP Human Resources Development Institute, among other government institutes. (Representative Image: Reuters)

As Andhra Pradesh gears up to shape its new capital Amaravati, it has allotted 996 acres of land to a dozen institutions to set up educational, health and other bodies at a projected cost of Rs 17,808 crore. “Work is in full swing to create a world-class infrastructure for Andhra Pradesh’s new capital Amaravati. A dozen institutions have been allotted 995.5 acres of land in Amaravati for projects worth Rs 17,808 crore,” an Andhra Pradesh government official told PTI. The official said these projects will create 32,726 jobs. and the 12 institutions to come up will involve the government as well as private bodies and include Rs 7,100 crore projects from Vellore Institute of Technology (VIT) University and SRM University. Besides, Amrita University and Indo-UK Institute of Health have been allotted land at a cost of Rs 3,200 crore.

In addition, BR Medi City Health Care & Research is building its campus at an estimated cost of Rs 5,450 crore, the official said. The land has also been allotted to Reserve Bank of India, Central Public Works Department, Central Institute of Design Tools, National Institute of Designs and AP Human Resources Development Institute, among other government institutes. Last month, the Andhra Pradesh government inked a pact with Singapore for developing an area of 6.84 km at capital Amaravati as startup area in phases. The two sides affirmed cooperation for economic development and master development of the startup area besides promotion of bilateral trade and investments and enhancing capacities of government departments.

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A high-level Joint Implementation Steering Committee (JISC) and Joint Implementation Working Committee (JIWC) will also be formed with senior officials from both the governments for speedy implementation of the project. An official statement said a Singapore consortium will form a project SPV – Amaravati Development Partner (ADP) with Amaravati Development Corporation (ADC). The Singapore consortium will have an equity participation of Rs 306 crore (58 per cent) while ADC will have Rs 222 crore participation (42 per cent). “ADP will develop an area of 1,691 acres in 15 years in three phases of each about 5 years,” an official statement has said adding estimated benefits include 2,50,000 jobs while contribution to GSDP will be Rs 1,15,000 crore.

  1. V
    Venkatesh
    Jun 14, 2017 at 6:24 pm
    Naidu has to look beyond his obsession for Amravati. By the year 2050, the world has to double its food production with the same available land - Naidu has appropriated nearly 50,000 hectares of the most fertile land in the country for his obsession to create a capital city. In the US, a state capital is rarely seen and barely heard, and that should have been the model here. Further, the Rayalaseema region is languishing with no interest shown by Naidu and consequently, there is little private investment. Sitting at the intersection of the Mumbai-Chennai and the Bengaluru-Hyderabad transportation corridors with good connectivity to ports in southern AP, this region can easily be developed. Further, in this water-starved region, it was Satya Sai Baba who brought about irrigation to Anantapur district, not any government. Naidu is building castles in the air and expecting the Centre to pay for it.
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