Amaravati, February 9

The Andhra Pradesh Government on Wednesday decided to float Rs 1,000 crore bonds for development of state capital Amaravati. Chief Minister Chandrababu Naidu said the layouts in pooled lands should be developed in three phases.

Led by Naidu, Andhra Pradesh Capital Region Development Authority’s (CRDA) eighth meeting was held at Velagapudi secretariat on Wednesday.

The CRDA Commissioner Cherukuri Sridhar told the Chief Minister that tenders would be called soon for the development of layouts as the HUDCO is coming forward to release Rs 7,500 crore for capital development. He said utilisation certificate was submitted for Rs 1,050 crore released by the Union Government.

Naidu urged the people to be on alert that many anti-social elements would try to stall the development of the State by resorting filing PILs in courts.

The public need to know about various companies, which got tenders of projects and looted public money without completing the works, he said.

Pooled Lands

Sridhar explained the CM that they are taking students of IITs, IIMs, business schools, architecture colleges under internship and involving them in development programmes. The CM gave green signal to the internship policy. Chief Minister Naidu also asked to importance to local students.

Naidu said that the State Government would develop the layouts in pooled lands and hand over the plots to farmers. The Government will bear the cost of stamp duty and registration charges.

The meeting decided to develop 6.84 square km start-up area in Amaravati in Swiss challenge system and the Government has to bear Rs 1,600 cost for this.

The officials gave a presentation on State capital city plan, drinking water needs, water supply plans, power supply lines. The Government is said to have divided the capital city into 33 sewerage zones.

The Chief Minister asked the officials to submit final designs of both inner and outer ring roads of Amaravati in three months.

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