In a major development, the World Bank has ‘dropped’ the $700-million Andhra Pradesh Amaravati Sustainable Infrastructure and Institutional Development Project that seeks to develop the greenfield capital of Andhra Pradesh. The World Bank has committed $300 million out of the total project cost of $700 million.
Earlier some farmers at the behest of YSR Congress in the Opposition wrote emails to the Bank saying that the Project is threatening the livelihood of people and the fragile environment. The then government tried to reason for such emails but with the change in the government, the World Bank is no longer interested.
Since the day Jagan came to Power, he has indicated that Amaravati is not his choice for the Capital. The Chief Minister also believes that it will give Chandrababu unnecessary mileage and so there are rumours that he is contemplating a change in the Capital. Now this will make life easy.
YSR Congress will now claim how Amaravati has become unviable due to Chandrababu and make the then government as the reason for the loan denial. Down the lane, with no loans and Central Government’s assistance, Jagan Government may announce shifting the Capital to another location with the possibility of getting loans. So this decision of the World Bank augurs well with the Ruling Party.Don't MissYSR Congress Leaders Turns Abusive With The Massive Mandate?YSR Congress has got the Best Speakers among all the Political Parties. Speakers like Roja,...Don't MissSri Reddy & RGV in Talks!At a press conference, Sri Reddy revealed that she is in talks with Ram Gopal...Don't MissWhat Happens With Vallabhaneni Vamsi Next?Vallabhaneni Vamsi is likely to continue as an MLA but will not join YSR Congress....Don't MissOn His 32nd Yatra, Daggubati Speaks on Women Going SabarimalaSuresh Babu a well-known name in Telugu cinema world is a hardcore devotee of Sabarimala...Don't MissRakul's Plunging Cleavage Show to Steal HeartsRakul Preet Singh has the stunning body worth drooling over and she makes sure it...