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Rs 114.67 Bn Investment in Amaravati Roads Housing and Infrastructure
ECONOMY & POLICY

Rs 114.67 Bn Investment in Amaravati Roads Housing and Infrastructure

05 Dec 2024 1 Min Read CW Team
The CRDA authority has approved the resumption of various construction works in the capital, Amaravati, in the first phase at a cost of Rs 114.67 billion. Key projects include the construction of main roads, with an allocation of Rs 24.98 billion, and the development of Palavagu, Kondaveeti Vagu, Gravity canals, as well as the construction of three reservoirs, which will cost Rs 15.85 billion.

Residential buildings for All India Services officers, gazetted and non-gazetted officers, and Class IV employees will be completed at a cost of Rs 35.25 billion. Development works for layouts allotted to farmers under land consolidation will continue with Rs 38.59 billion.

The earlier tenders for 2019 will be cancelled, and fresh tenders will be issued for these works based on the new SSR rates. The authority has also approved the invitation of fresh tenders for the HappyNest project in Amaravati, with a revised estimate of Rs 9.84 billion. The government will pay Rs 2.70 billion to CRDA due to project delays.

The 41st meeting of the CRDA Authority was held under the chairmanship of Chief Minister Chandrababu at his residence in Undavalli evening.

It was also noted that many of these works would be undertaken with funding from the World Bank and ADB.

The CRDA authority has approved the resumption of various construction works in the capital, Amaravati, in the first phase at a cost of Rs 114.67 billion. Key projects include the construction of main roads, with an allocation of Rs 24.98 billion, and the development of Palavagu, Kondaveeti Vagu, Gravity canals, as well as the construction of three reservoirs, which will cost Rs 15.85 billion. Residential buildings for All India Services officers, gazetted and non-gazetted officers, and Class IV employees will be completed at a cost of Rs 35.25 billion. Development works for layouts allotted to farmers under land consolidation will continue with Rs 38.59 billion. The earlier tenders for 2019 will be cancelled, and fresh tenders will be issued for these works based on the new SSR rates. The authority has also approved the invitation of fresh tenders for the HappyNest project in Amaravati, with a revised estimate of Rs 9.84 billion. The government will pay Rs 2.70 billion to CRDA due to project delays. The 41st meeting of the CRDA Authority was held under the chairmanship of Chief Minister Chandrababu at his residence in Undavalli evening. It was also noted that many of these works would be undertaken with funding from the World Bank and ADB.

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