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World Financial institution: World Financial institution drops Chandrababu Naidu Andhra Pradesh Amaravati Undertaking | World Financial institution withdraws Rs 2065 crore mortgage to make Amravati capital – jj
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World Financial institution: World Financial institution drops Chandrababu Naidu Andhra Pradesh Amaravati Undertaking | World Financial institution withdraws Rs 2065 crore mortgage to make Amravati capital

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  • The expenditure on the construction of the new capital was Rs 4923 crore, the government sent it to the World Bank.
  • Currently AiIB will lend Rs 1376 crore for this project
  • After the objection of the farmers' organizations, the government withdrew the proposal, no reason was given.

Dainik Bhaskar

Jul 19, 2019, 09:48 PM IST

new Delhi. The World Bank has canceled the plan to provide a loan of about Rs 2065 crore for the construction of Amravati, the proposed capital of Andhra Pradesh. According to the World Bank official, this decision has been taken after withdrawing the government's proposals. Why did the government do this? No reason has been given for this.

According to the report, this project is named as Amravati Sustainable Capital City Development. According to the website – for the construction of the proposed capital, this project is about Rs 4,923 crore. In this, the World Bank was about to provide about Rs 2065 crore. While the Asian Infrastructure Investment Bank (AIIB) will pay a loan of 1376 crores The Beijing-based bank is a subsidiary of this project.

Civil society objected

On this project, the state's environmental activists, farmers leaders and civil society organizations had lodged the objection. They said that this will boom in the Krishna river's water, causing damage to the cultivated fertile land and forests. About 20 thousand people will be displaced by land acquisition.

The letter was written to the panel in 2017

Residents of the proposed city wrote a letter to the World Bank's inspection panel on May 25, 2017. In this, construction of project mentioned the problems of livelihood, environment, food security and rehabilitation of people. He also spoke of not following the environmental and social norms in this work.

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