$300 Million worth Amaravati Project at stake as World Bank retreats

0
2
Chandrababu Naidu government had claimed that the World Bank agreed "in principle" to lend USD one billion for Amaravati development.

Amaravati (India): In a jolt to the Andhra Pradesh government, the World Bank has “dropped” out of the Amaravati Sustainable Infrastructure and Institutional Development Project, pushing the state capital city’s development into further jeopardy. The World Bank did not assign any reason for pulling out though the Bank official website showed the status of the Amaravati Sustainable Infrastructure and Institutional Development Project as “dropped.”World Bank officials did not respond to queries on the subject. According to sources, the World Bank had apparently taken into consideration widespread complaints lodged by farmers in the region on alleged forcible taking over of their fertile lands by the previous dispensation in the name of land pooling for capital development. Several NGOs and environmentalists have been opposing the previous Telugu Desam Party (TDP) government’s plans to build the capital by acquiring land from farmers and protested against development very near to the Krishna riverbank.