Vijayawada: Chief Minister Nar Chandrababu Naidu will launch his Amaravati 2.0 capital at the start of New Year 2025, aiming to complete the world-class capital in three years.
He has already agreed to the work of 24 thousand 276 crore 83 lakh rupees for the establishment of the capital. APCRDA has prepared to invite tenders for this.
After taking over the government, Chandrababu Naidu inspected the stalled structures at Amravati. He then appointed teams from IIT Chennai and Hyderabad to study the strength and quality of these structures before resuming the works.
The Chief Minister had directed to clear the forest spread over 23,429 acres at a cost of Rs 36.5 crore and that too has been completed. A recent cabinet meeting under his leadership allowed CRDA to undertake 45 engineering works worth Rs 33,137.98 crore to build quarters for IAS officers, gazetted officers and class IV employees besides flood relief works, roads and other infrastructure.
Chandrababu Naidu also got approval for $800 million loan from the World Bank to transform Amravati into a model capital of the world. Notably, the first phase of Amravati’s development is being jointly supported by the World Bank and the Asian Development Bank.
The loan denominated in Japanese yen will help transform Amravati into an economic hub. The maturity of the loan is 29 years with a grace period of six years.
Starting from New Year 2025, CRDA is expected to call for tenders gradually till Sankranti. The authority has so far provided land to 130 central institutions, out of which 125 have come forward for construction.
RBI has informed CRDA that it will soon open its branch in Amravati. Bits Pilani is preparing to start work on a 35-acre plot of land adjacent to the Seed Access Road. Similarly, XLRI will soon work on the 50 acres earmarked for it.
City Administration and Urban Development Minister P. Narayan said that 16 roads from east to west and 18 roads from north to south will be constructed in Amravati core capital area covering an area of 217 square kilometers.