Andhra Pradesh government had decided that the foundation stone ceremony of the state’s Temporary Secretariat will happen tomorrow at 8.23AM. Earlier the government planned this ceremony on 12th of this month but it was postponed because of the delay in finalizing the financial tenders for the project.
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CRDA held negotiations with the companies participated in the tenders and both the parties have agreed to take up work at 12% excess than what the state government quoted. They have agreed to take up the construction at the cost of 3350 Rupees per sq ft. Earlier CRDA estimated it at 3000 Rupees per square feet and the companies have quoted for 4000 per square feet. Both the companies also agreed to complete the construction by June 15th.
L&T will construct four buildings and the other company, Shapur Palanji will construct the remaining two. The Temporary Secretariat will come up in Velagapudi, one of the capital notified villages. The construction will come in 26 acres and will create 6 Lakh Square feet of office space.
