Andhra government scraps Amaravati development plan, terminates contract with Singapore

[Gaali_Gottam_Govinda]

The joint Singapore-Andhra Pradesh Amaravati Start-Up Area Development Project has formally been scrapped with the Indian state Cabinet deciding to terminate the agreement with a Singapore consortium.

The project, which envisaged the development of the start-up area in the state's capital city, has faced repeated delays in the last 30 months since the previous Chandrababu Naidu government signed a memorandum of understanding with the Singapore consortium particularly with a change of government in the state.

The state Cabinet that met under the chairmanship of Chief Minister YS Jagan Mohan Reddy took the decision to terminate the agreement with the consortium, Information and Public Relations Minister Perni Venkata Ramaiah (Nani) said.

The Amaravati Start-Up Area Development Project was the first major real-estate venture that the previous TDP government had undertaken under the Public-Private Partnership mode and had selected the Singapore consortium of Ascendas-Singbridge and Semb corp Development as the Master Developer.

The then government signed an MoU with the Singapore consortium on May 15, 2017 for executing the project in a 6.84 sq km area (1,691 acres) in three phases over 15 years.

The project, however, never got off the ground as the land allotted for the purpose was stuck in an ecological-legal tangle.

Since no development activity was permitted in that portion of land as per the River Conservation Act and also the National Green Tribunal orders, the consortium sought alternative land, official sources said.

The then TDP government tried to alter the Master Plan but it never happened as several Central government organisations and also some private companies were allotted land, a senior official involved with the project said.

The consortium was to partner with a state government entity, Amaravati Development Corporation through a special purpose vehicle Amaravati Development Partner (ADP).

The ADP was to spend INR 2,118 crore for creation of basic infrastructure like roads, water supply, drainage and electricity and subsequently transfer the infrastructure to the Capital Region Development Authority.

Jai jagan...........

[Spartan]

mari already pump chesina Money..Tenders...etc.?

[kevinUsa]

Calling @tacobell fan uncle enni 10's crores loss

[JohnSnow]

Just now, kevinUsa said:

Calling @tacobell fan uncle enni 10's crores loss

Evadu ammatledhu baa as of now

[RunRaajaRun123]

Raavali Jagan Kaavali Jagan

[JohnSnow]

Just now, RunRaajaRun123 said:

Raavali Jagan Kaavali Jagan

Vaccadu ga

[psycopk]

Just now, Spartan said:

mari already pump chesina Money..Tenders...etc.?

ila penta avudi ane.. inko sari cbn vaste.. baguntadi..ani chepa... maa yedavalu .. oka chance ichi chudam.. ichi chudam ani bochu pekutnunaru..

[snoww]

3 minutes ago, Spartan said:

mari already pump chesina Money..Tenders...etc.?

It's not even started. Zero progress there from years. Singapore vaadu manchi time pass sesi hype name create sesukunnaru inni years. And consultants fee. 

[snoww]

2 minutes ago, psycopk said:

ila penta avudi ane.. inko sari cbn vaste.. baguntadi..ani chepa... maa yedavalu .. oka chance ichi chudam.. ichi chudam ani bochu pekutnunaru..

5 years em peekadu Singapore vaadu emi kattakunda . Lol.

AP government money spend sesi develop sesthe free gaa land dobbeddam anukunnadu. 

[Spartan]

3 minutes ago, psycopk said:

ila penta avudi ane.. inko sari cbn vaste.. baguntadi..ani chepa... maa yedavalu .. oka chance ichi chudam.. ichi chudam ani bochu pekutnunaru..

ippudu malli vaste..mottam scartch nunchi start cheyali ga...

[Spartan]

2 minutes ago, snoww said:

It's not even started. Zero progress there from years. Singapore vaadu manchi time pass sesi hype name create sesukunnaru inni years. And consultants fee. 

money expenditure aite aindi kada...

and designing firms, geo-scouters etc...mottam public money bisket..

[psycopk]

Just now, Spartan said:

ippudu malli vaste..mottam scartch nunchi start cheyali ga...

CBN.. can easily pull the strings... CBN kabate raitulu land icharu aa area lo...

jagadini collect cheyamnu... utiki arestaru..

[psycopk]

Just now, snoww said:

5 years em peekadu Singapore vaadu emi kattakunda . Lol.

AP government money spend sesi develop sesthe free gaa land dobbeddam anukunnadu. 

CBN political game adadu... trying to speed up the capital buildings in last one year.. aa pani two years before cheyalsindi.. he thought this would get him fame..

[Spartan]

1 minute ago, psycopk said:

CBN.. can easily pull the strings... CBN kabate raitulu land icharu aa area lo...

jagadini collect cheyamnu... utiki arestaru..

30K istunnada still.?

[panipoori]