CRDA estimates Rs 65,000 crs as Amaravati construction cost

Amaravati GatewayThe AP Capital Region Development Authority’s (CRDA) has creation of infrastructure as its main focus area. Its estimates for the construction of the capital city of Amaravati are in the region of Rs 65,000 crore, out of which the construction of government complexes will only require Rs 10,500 crore.

The CRDA sources said that it had sent to state government the total estimates and also requested permission to approach the financial agencies for loans. The CRDA has sent loan proposals worth Rs 16,179 crore to the World Bank, Asian Infrastructure and Investment Bank (AIIB) and HUDCO, this amount being for the development of infrastructure in Amaravati and construction of the Inner Ring Road.

Creation of infrastructure facilities like roads, power, water and others  is at the top of CRDA’s priorities. It is also concentrating on flood control management works in Amaravati and construction of two ultra modern bridges across river Krishna at Amaravati to join Guntur district with Krishna district. The state government is of the view that the construction of two bridges across the river Krishna will create confidence among the people regarding its commitment to the task of constructing an international capital city for AP.

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