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 MissMegastar Makes It Special With Rare Treats For Birthday BoysA few days ago Megastar Chiranjeevi said that April 8th is a special day. He...Don't Missఅల్లు అర్జున్ మేక్ ఓవర్... సుక్కు అటెన్షన్ టు డీటెయిల్..స్టైలిష్ స్టార్ అల్లు అర్జున్, క్రియేటివ్ డైరెక్టర్ సుకుమార్ కాంబినేషన్ లో వస్తున్న తాజా చిత్రం 'పుష్ప'. ఈ సినిమాలో...Don't MissUnion Home Ministry Begins Exercise On Lockdown. Decision Made?We are on the fifteenth day of the Three Weeks Nationwide Lockdown. The hot topic...Don't MissPushpa’s World Introduces Rawness, Making It Perfect Pan-Indian MaterialThe makers of Pushpa are pushing the pedal to spread the first look and the...Don't MissPooja Hegde's L-Pose Handstand at the WallThe other day it was Rakul Preet Singh who hanged herself upside down while doing...