
[m9ad]
Recently, the state government managed to convince the World Bank for 7000 Crore for the construction of the state capital. Since the loan is from a foreign agency, it has to be ratified by the central government. The state recently got an intimation from the center that it will only allow 3500 Crore loan from the World Bank.
Out of the total 33000 acres pooled for Amaravati, the CRDA has to give back 7000 acres back to farmers. The CRDA has to create infrastructure facilities in about 19000 acres of the capital city area. The CRDA has estimated that for the creation of infrastructure facilities like roads, water, power etc., and it will cost One crore per acre.
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