Amaravati ki కి Funds అసలు ఎవరయినా ఇస్తారా ?

[andhra_jp]

Andhra Pradesh Chief Minister N. Chandrababu Naidu has a big test in store in the form of the Herculean task of resuming and completing the delayed development of Amaravati during his tenure.

Phase-I of the Amaravati project was estimated to cost approximately ₹51,687 crore, of which the cost of the Amaravati government complex alone was pegged at about ₹14,010 crore. Tenders were first called for a value of nearly ₹41,171 crore, of which all works were grounded; a sum of ₹4,319 crore was paid and the balance was in the process of being paid in tranches.

That was when international funding agencies like the World Bank (WB), Asian Infrastructure Investment Bank, Japan International Cooperation Agency, and KfW came forward to support the project.

Challenges ahead

Mr. Naidu faces the challenge of re-engaging international partners, such as the Singapore government and Japan, who played a significant role in preparing the Amaravati master plan. Restoring their support and mobilising funds for the greenfield capital project are some of the major hurdles.

A silver lining is the support pledged by the Union government. Following Mr. Naidu’s recent meeting with the Prime Minister, the Centre had come forward to bail out the Andhra Pradesh government with the Amaravati project. The Centre promised to provide special financial assistance of ₹15,000 crore through multilateral development agencies initially, with additional funding to be arranged later.

Union Finance Minister Nirmala Sitharaman’s statement in Parliament rekindled the hopes that the Centre would help the State government in taking the project forward.

Against this background, a joint team of the WB and Asian Development Bank (ADB) made a stock-taking visit to Amaravati last month to explore ways to extend financial and technical assistance for the capital’s development.

The ‘preliminary scoping visit,’ will be followed by further site visits and discussions with the government, and stakeholders. Only then will the contours of the potential WB-ADB support become clear.

In the process, WB representatives duly gathered inputs on the likely future course of the State’s political economy, being wary of the risks involved in funding such projects albeit with sovereign guarantee, and the consequences of the reversal of policies when a new government takes the reins.

So, the crux of the issue is who will provide the funds for the construction of the capital and to what extent. After all, it is money that matters the most for the State government at this crucial juncture.

[Teluguredu]

Not even one single Greenfield city around the size of amaravathi has been succesful around the world.only exception is china as they have their own supply chain for most products and have a lot of surplus money.and even middle eastern countries as they have a lot of surplus money as well.

 

Even gift city(much smaller in scale) had to be bailed out by the central government.

15,000 crores is just enough to construct the administrative buildings probably.

[CanadianMalodu]

33 minutes ago, andhra_jp said:

Andhra Pradesh Chief Minister N. Chandrababu Naidu has a big test in store in the form of the Herculean task of resuming and completing the delayed development of Amaravati during his tenure.

Phase-I of the Amaravati project was estimated to cost approximately ₹51,687 crore, of which the cost of the Amaravati government complex alone was pegged at about ₹14,010 crore. Tenders were first called for a value of nearly ₹41,171 crore, of which all works were grounded; a sum of ₹4,319 crore was paid and the balance was in the process of being paid in tranches.

That was when international funding agencies like the World Bank (WB), Asian Infrastructure Investment Bank, Japan International Cooperation Agency, and KfW came forward to support the project.

Challenges ahead

Mr. Naidu faces the challenge of re-engaging international partners, such as the Singapore government and Japan, who played a significant role in preparing the Amaravati master plan. Restoring their support and mobilising funds for the greenfield capital project are some of the major hurdles.

A silver lining is the support pledged by the Union government. Following Mr. Naidu’s recent meeting with the Prime Minister, the Centre had come forward to bail out the Andhra Pradesh government with the Amaravati project. The Centre promised to provide special financial assistance of ₹15,000 crore through multilateral development agencies initially, with additional funding to be arranged later.

Union Finance Minister Nirmala Sitharaman’s statement in Parliament rekindled the hopes that the Centre would help the State government in taking the project forward.

Against this background, a joint team of the WB and Asian Development Bank (ADB) made a stock-taking visit to Amaravati last month to explore ways to extend financial and technical assistance for the capital’s development.

The ‘preliminary scoping visit,’ will be followed by further site visits and discussions with the government, and stakeholders. Only then will the contours of the potential WB-ADB support become clear.

In the process, WB representatives duly gathered inputs on the likely future course of the State’s political economy, being wary of the risks involved in funding such projects albeit with sovereign guarantee, and the consequences of the reversal of policies when a new government takes the reins.

So, the crux of the issue is who will provide the funds for the construction of the capital and to what extent. After all, it is money that matters the most for the State government at this crucial juncture.

Union government support didn't mean funds. Nirmlamma never said anything about funds. She said "arranged" meaning it could be loan as such. Baboru World Bank daggara Takattu pedatharu ani mata, and Andhra prajalu pannulu kadatha undali plus vaddi extra. 

Malli inkosari varada vachi munigithe antha assame.

[CanadianMalodu]

31 minutes ago, Teluguredu said:

Not even one single Greenfield city around the size of amaravathi has been succesful around the world.only exception is china as they have their own supply chain for most products and have a lot of surplus money.and even middle eastern countries as they have a lot of surplus money as well.

 

Even gift city(much smaller in scale) had to be bailed out by the central government.

15,000 crores is just enough to construct the administrative buildings probably.

This is objectively true. But people can't comprehend it. In this DB, they will say jayamu Jayamu SANDRANNA ignoring the facts 

[andhra_jp]

1 hour ago, CanadianMalodu said:

Union government support didn't mean funds. Nirmlamma never said anything about funds. She said "arranged" meaning it could be loan as such. Baboru World Bank daggara Takattu pedatharu ani mata, and Andhra prajalu pannulu kadatha undali plus vaddi extra. 

Malli inkosari varada vachi munigithe antha assame.

asalu aa so calle *arranged* funds kuda istaara ani doubt after the Vijaywada floods debacle 

[CanadianMalodu]

7 minutes ago, andhra_jp said:

asalu aa so calle *arranged* funds kuda istaara ani doubt after the Vijaywada floods debacle 

Permission ee kadha to borrow. Istharu. Return lo steel plant ichesthunnam kadha. Empty polalu untene ila undhi oka 10 years down the line buildings kadatha poyaka inkosari flood vasthe, disaster gattiga untadhi.

[Assam_Bhayya]

[andhra_jp]

World Bank might release funds for development of Amaravati before December-end: Narayana 

Municipal Administration Minister P. Narayana said the process of mobilising ₹15,000 crore from the World Bank (WB) for development of the capital city Amaravati was in the final stages and the fund release was likely to start in the next couple of months. The State government was holding discussions with a WB team on environmental and social impact issues at the moment.

The Capital Region Development Authority (AP-CRDA) would invite tenders for all pending works in the capital, including the construction of the Legislature Complex and High Court, by the end of January. The works were targeted to be completed in one to two-and-a-half years, he stated.

Briefing mediapersons about the CRDA meeting held under the chairmanship of Chief Minister N. Chandrababu Naidu at the Secretariat on Wednesday, Mr. Narayana said the idea of bringing the Singapore Government back to assist the State in building the capital city has not been pursued afresh as issues related to old contracts were yet to be sorted out.

Mr. Naidu, who was the chairman of CRDA, was looking into the matter by duly keeping in mind the fallout of the trouble caused to the Singaporeans by the YSR Congress Party Government.

As far as the flood threat posed by Krishna river was concerned, tenders for works related to Kondaveeti Vagu and Palavagu would be called by the end of November.

The TDP government had awarded the design contract to Dutch consultants in 2014-19 for coming up with a flood containment plan, which comprises the construction of six reservoirs and two pumping stations at Vaikuntapuram and Undavalli.

The CRDA meeting resolved to call tenders for completing the infrastructure works like drinking water and club house facilities in the apartments built in 18 towers, at an estimated cost of Rs.524 crore in about three days.

Similarly, pending works on the G+7 building at Rayapudi, which would have head offices of the CRDA, Amaravati Development Corporation and the Municipal Administration & Urban Development Department, would be resumed soon at a cost of ₹160 crore.

Steps were taken for connecting five trunk roads (E-5, E-7, E-9, E-11 and E-13) to the NH-16 and E-11 and E-13 would be the first to be linked. The Outer and Inner Ring Roads would have two iconic bridges each. Some minor modifications might be made in the capital city designs given by Foster + Partners, the Minister added.

[Android_Halwa]

8 minutes ago, andhra_jp said:

Narayana

Narayana…Narayana..!!!

Current fiscal la IMF loan move ayye antha scene ledu. Its an apprehension and feel good factor to rejuvenate the dead Amaravati Real Estate.

Animal fat, ED clean chit to CBN entha nijamo World bank funds by December anedi kuda anthe nijam. 

[Joker_007]

On 9/19/2024 at 6:05 PM, Teluguredu said:

Not even one single Greenfield city around the size of amaravathi has been succesful around the world.only exception is china as they have their own supply chain for most products and have a lot of surplus money.and even middle eastern countries as they have a lot of surplus money as well.

 

Even gift city(much smaller in scale) had to be bailed out by the central government.

15,000 crores is just enough to construct the administrative buildings probably.

mari YCP unnappudu moodu mukkalaata aadakunda edo okati temilchi undocchu ga.. appudu thega pisukunnaru... 

[CanadianMalodu]

55 minutes ago, Joker_007 said:

mari YCP unnappudu moodu mukkalaata aadakunda edo okati temilchi undocchu ga.. appudu thega pisukunnaru... 

Enti telchedhi? Adugu adugu ki High Court lo implant chesina judges Manvendranath Roy and Duppala Venakata Ramana chetha stays ippistha unte ela act chestharu? Akkadiki Jagan Administration ni Vizag tesukochevadu. Vallani transfer chesadaka baga satayincharu 

Piskuvodam lo tappemundhi? Appu chesi Andhra prajala meedha dobbi, paina unna BENAMIS chetha real estate cheyisthe, adhi mumpu prantham em cheyyamantav?

[Joker_007]

15 hours ago, CanadianMalodu said:

Enti telchedhi? Adugu adugu ki High Court lo implant chesina judges Manvendranath Roy and Duppala Venakata Ramana chetha stays ippistha unte ela act chestharu? Akkadiki Jagan Administration ni Vizag tesukochevadu. Vallani transfer chesadaka baga satayincharu 

Piskuvodam lo tappemundhi? Appu chesi Andhra prajala meedha dobbi, paina unna BENAMIS chetha real estate cheyisthe, adhi mumpu prantham em cheyyamantav?

Please elaborate this... 

[TOM_BHAYYA]

Jaffas ki eppudo cheppadu leader it’s a self financing city ani

https://www.newindianexpress.com/amp/story/states/andhra-pradesh/2020/Aug/15/amaravati-self-financing-project-chandrababu-naidu-2183726.html

 

maaku okka rupee kuda avasaram Ledhu bodi shoes nundi 

[CanadianMalodu]

3 hours ago, Joker_007 said:

Please elaborate this... 

https://www.google.com/amp/s/www.thehindu.com/news/national/andhra-pradesh/andhra-hc-cannot-be-town-planner-says-supreme-court-on-high-court-order-for-building-state-capital-in-6-months/article66195253.ece/amp/

[CanadianMalodu]

4 hours ago, TOM_BHAYYA said:

Jaffas ki eppudo cheppadu leader it’s a self financing city ani

https://www.newindianexpress.com/amp/story/states/andhra-pradesh/2020/Aug/15/amaravati-self-financing-project-chandrababu-naidu-2183726.html

 

maaku okka rupee kuda avasaram Ledhu bodi shoes nundi 

Self financing anta. 😂... correct ee. Appu chesedhi WORLD BANK daggara, Appu ruddhedhi Andhra prajalu meedha, kattedhi Andhra bhavitaralu, minigedhi BABORU AND BENAMI. SELF FINANCING EE, correct ee😂