A delegation of Japan met Andhra Pradesh Chief Minister Chandrababu Naidu recently and said to have informed him that they are interested in participating in Amaravati construction. Government sources had confirmed this development.
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The delegation said Naidu that they would come up with specific proposals to fund the development of AP’s capital city through the Japan Bank for International Co-operation (JBIC). This comes at a time, Center confirmed that these projects are not economically viable given the population there.
They also informed him that Japan International Co-operation Agency (JICA) is ready to fund the Metro Projects proposed in Vijayawada and Vishakapatnam. This will come as a shot in the arm to Naidu’s government as the state is in severe funds crunch to take up these prestigious projects.
