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World Bank drops out of Amravati project
Andhra Pradesh

World Bank drops out of Amravati project

Pennews

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 and giving a jolt to the Andhra Pradesh Government..

The Bank did not assign any reason,though its official website showed the status of the Amaravati Sustainable Infrastructure and Institutional Development Project as 'dropped.'

World Bank officials did not respond to queries. According to sources, the  Bank had apparently taken into consideration widespread complaints by farmers in the region on alleged forcible acquisition of their fertile lands by the Naidu dispensation in the name of land pooling for capital development.

Several NGOs and environmentalists have also been opposing the Telugu Desam Party government's ambitious plans to build the capital by acquiring land from farmers and protested against development near the Krishna riverbank.

The Chandrababu Naidu government had claimed that the World Bank agreed 'in principle' to lend one billion dollars for Amaravati development.

Officials who headed the AP Capital Region Development Authority (CRDA) even claimed that the World Bank included the project under retro-financing category, which meant that the international lender would reimburse  all the amount the government had spent on the project.