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Chief Minister’s letter to Finance Minister

Chief Minister’s letter to Finance Minister

Chief Minister Nara Chandrababu Naidu wrote a letter to Finance Minister Arun Jaitley seeking funds release for Externally Aided Projects. (“Chief Minister’s letter to Finance Minister”)

Externally Aided Projects are part of the Special Package that centre has announced to the state of Andhra Pradesh. 

Chief Minister has reminded the unfulfilled promises made by Centre during the state bifurcation in the letter and queried about the promises made in the state reorganization act.

He requested the finance minister to sanction Rs 16,725 crore funds through NABARD for six EAPs. He as well suggested that a special dispensation amount be provided to the state for specified projects from NABARD instead of loans from external agencies.

Of the six projects, the AP Roads and Bridges Reconstruction Project, AP Mandal Connectivity and Rural Connectivity Improvement Project (Rs 3,200 crore each) have been approved while the Rs 4,500-crore AP Rural Water Supply Project is yet to be cleared.

Also, another project, Construction of Residential School Buildings has been pending for DEA approval and the cost of the project has gone up o Rs 3,341 crore from Rs 3,000 crore.

 

Two new projects, the Amaravati Greening Development costing Rs 1,484-crore and AP Backward Area Rural Development to the Centre for NABARD funding of Rs 1,000-crore have also been submitted by the state government.

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