Advertisement
Sunday, Nov 27, 2022
Outlook.com
Outlook.com

World Bank Drops Chandrababu Naidu's Ambitious Amaravati Project; Pulls Out $300 Million

In 2014, former Chief Minister N Chandrababu Naidu had announced Amaravati as the proposed capital city, to be developed over many years.

World Bank Drops Chandrababu Naidu's Ambitious Amaravati Project; Pulls Out $300 Million
| Photo credit: World Bank website/Screenshot
World Bank Drops Chandrababu Naidu's Ambitious Amaravati Project; Pulls Out $300 Million
outlookindia.com
2019-07-19T10:38:53+05:30

The World Bank has pulled out $300 million lending to the Amaravati Capital City project in Andhra Pradesh, the ambitious project of former chief minister Chandrababu Naidu.  The World Bank website shows the status of the ‘Amaravati Sustainable Infrastructure and Institutional Development Project’ as ‘Dropped.’ (See screenshot below)

 


The project was to be co-financed by another multilateral funding agency Asian Infrastructure Investment Bank (AIIB).

A senior official told Outlook that the government has withdrawn its request for financing the project. "The Government of India (GoI) has withdrawn its request to the World Bank for financing the proposed Amaravati Sustainable Infrastructure and Institutional Development Project. The World Bank’s Board of Executive Directors has been informed that the proposed project is no longer under preparation following the government’s decision," the official said.

“We are happy that World Bank took cognisance of the gross violations involved in the Amaravati Capital City project that threatened the livelihood of people and fragile environment. While we celebrate this victory of people, who stood up to the intimidation of the state, we warn the government and financial institutions not to push their agenda without the consent of the people,” said Medha Patkar, senior activist of Narmada Bachao Andolan and National Alliance of People's Movements, in a press release on Thursday.

Also Read | World Bank Drops Amaravati Project: What It Means

The project was to be co-financed by another multilateral funding agency Asian Infrastructure Investment Bank (AIIB). Beijing-based AIIB had committed USD 200 million.

Environmental activists, farmer leaders, and civil society organisations opposed and criticised this project for building the city on the floodplains of river Krishna, diverting fertile farmlands and forests, displacing around 20,000 families, acquiring lands, and allegedly favouring contractors for the construction of the city.

In 2014, former Chief Minister N Chandrababu Naidu had announced Amaravati as the proposed capital city, to be developed over many years.  Naidu had envisaged Amaravati as the newest metropolis of India, spread over 217 square kilometres. The Singapore government had prepared the master plan for the same.

Naidu's government had claimed that farmers voluntarily came forward to give 33,000 acres under an innovative land pooling system to develop the state capital. He had also succeeded in launching the works to the tune of Rs.35,000 crore over last two years.

After taking over as the new chief minister in May, Y. S. Jagan Mohan Reddy had alleged that there was a big land scam in Amaravati to benefit then chief minister and those close to him. He had declared that the government will get the irregularities in land acquisition and awarding works for various projects thoroughly probed.

(With inputs from G.C. Shekhar in Chennai)

Advertisement

Outlook Newsletters

Advertisement
Advertisement
Advertisement

Read More from Outlook

Lament Of Separation: Songs Of Habba Khatun, Last Queen Of Kashmir, Still Echo In Valley

Lament Of Separation: Songs Of Habba Khatun, Last Queen Of Kashmir, Still Echo In Valley

In happy times and sad, Habba Khatun’s sensuous songs make both young and old emotional. With the never-ending conflict bringing tragedies to every doorstep, Habba’s lyrics of separation amplify their mourning.

How Indian Laws Govern People’s Right To Love And Live

How Indian Laws Govern People’s Right To Love And Live

In India, only those relationships between a man and a woman are considered to be legitimate when there is a marriage between the two.

Kohli Quits Test Captaincy, Leaves Leadership Vacuum

Kohli Quits Test Captaincy, Leaves Leadership Vacuum

Virat Kohli, 33, had recently stepped down as India's T20I captain and was subsequently removed as the ODI captain.

UP Elections 2022: How Congress Is Harnessing Power Of 'Persecuted' Women To Counter BJP

UP Elections 2022: How Congress Is Harnessing Power Of 'Persecuted' Women To Counter BJP

A Mahila Congress leader, who is the face of the ‘Ladki Hoon, Lad Sakti Hoon’ campaign, however, has accused the party of anti-women bias after she was denied a ticket.

Advertisement