World Bank drops $300 million Amaravati project

20 Juillet, 2019, 07:50 | Auteur: Auguste Feret
  • World Bank Makes Life Easy for Jagan

The sudden decision of the World Bank to drop the proposal to lend United States $ 300 million (approximately Rs 2100 crore) for the infrastructure development in Amaravati, the capital city of Andhra Pradesh has surprised many.

The YSR Congress Party had alleged irregularities in land acquisition during its time in the Opposition.

He said former chief minister N. Chandrababu Naidu had been misleading the committee that was set up to look into the fraudulent PPAs because he was afraid of the review of the PPAs. It was considering extending a loan of $300 million to the Andhra government to build the capital city on the banks of river Krishna. They said that development of Amaravati will affect their livelihood and impact the environment.

He said that in the last three years, the state government had paid at least more than Rs 5,000 crore in excess to renewable power generators which was a loss to the exchequer.

Though it is a fact that the new government headed by YSR Congress party president Y S Jagan Mohan Reddy has not been evincing much interest in Amaravati project works, there was never any indication that the World Bank would withdraw its loan proposal. We may have to cancel some tenders and call for new ones in a transparent manner.

Urgence sanitaire mondiale déclarée en République démocratique du Congo
Le Comité d'urgence de l'OMS a aussi reconnu qu'il y avait une pénurie de vaccins. La plupart ont été vaccinés, assurent les autorités sanitaires.

AB InBev explores asset sale after dropping Asia IPO plan
While Foster's is well known internationally as an Australian brew, it's much less commonly consumed in Australia than overseas . At the same time, they aren't high-growth markets, so selling them wouldn't hurt AB InBev's growth prospects, the person said.

Gibraltar court extends detention of oil tanker
But Britain, which wants to preserve the nuclear deal, has repeatedly indicated it wants a compromise over the tanker. An initial order by the court authorising the detention of the vessel would lapse after Friday.

The Andhra government can also reapply for loan from WB after addressing the concerns raised in the inspection report.

"The World Bank's Board of Executive Directors has been informed that the proposed project is no longer under preparation following the government's decision", he said, without elaborating why the Centre had taken the decision.

Dr P Lakshmi Narasimham, the commissioner of the Andhra Pradesh Capital Region Development Authority, the state body overseeing construction of the city, declined to comment on the implications of the funding withdrawal. The Chief Minister also believes that it will give Chandrababu unnecessary mileage and so there are rumours that he is contemplating a change in the Capital. The TDP regime had procured 34,000 acres of fertile land from farmers under a land-pooling scheme.

Under Naidu's ambitious plans the capital city is to come up in areas of 217 sq km.

Prime Minister Narendra Modi laid the foundation stone for the project in 2015, but he and Naidu fell out after Naidu's party broke from Modi's ruling coalition past year. On the private investment side, top educational institutions like Vellore Institute of Technology, SRM University, NID, Amity, Amrita University, Centurion University, Central Institute of Tool Design, and NIFT have started construction, or have already started functioning from their new premises.



Plastic or paper? Trump campaign weighs in on straw debate
It should be noted that the laser-engraved straws, which are made in the USA , are BPA-free, reusable and recyclable. Donald Trump addresses the Values Voter Summit at the Omni Shoreham September 9, 2016 in Washington , DC.

Après 71 ans de mariage, elle décède quelques heures après son mari
Il a raconté qu'il "la voyait entrer, sortir et entrer, et qu'il avait les yeux rivés sur elle ". Ces deux Américains, originaires d'Augusta (Oregon), étaient mariés depuis 71 ans.

Pompeo Calls China's Treatment of Uighurs the 'Stain of the Century'
Both Secretary Pompeo and Vice President Pence announced funding for victims of religious persecution and actions the USA has taken to punish human rights abusers.

Convicted Murderer Deemed Too Old to Kill Stabs Woman to Death
A ME jury Wednesday convicted a 77-year-old man, once deemed too old to be a continued threat, with the death of a woman in 2018. He was convicted of murder on Wednesday and is yet to be sentenced but will likely now spend the rest of his life in prison.

Australian man's 'suspicious' death after body found on Canadian highway
The body of Lucas Fowler , the son of Hills District Chief Inspector Stephen Fowler, was found on the Alaska Highway on July 15. Few details of the homicides have been released by RCMP in British Columbia .

New mid-engine Corvette starts under $60,000
The 2020 version was unveiled Thursday night in a glitzy ceremony at a World War II dirigible hangar in Orange County, California. President Mark Reuss said the C8 will start below $60,000, 7% more than the current Corvette's base price of $55,900.

First Teaser for 'The Witcher' Netflix Series Released
As soon as one is announced, we'll have it here on Cinelinx. "I've played the games a lot", he said. Plus, in an interesting twist, there's no main baddie.

Lauryn Hill chantera au LVL UP, à Laval
Un volet gratuit permettra aux festivaliers d'assister aux prestations de Rymz, High Klassified , DJ Kelly et RapMommies . L'ancienne membre des Fugees montera sur la scène de la Place Bell le 21 septembre .

Trump steps back from 'send her back' chanting by supporters
Speaking to reporters the day after the incident, the Minnesota representative said: "We are Americans as much as everyone else". In February, the 37-year-old sparked an uproar when she suggested money is why so many United States politicians support Israel.

'Fear the Walking Dead' Renewed for Season 6 by AMC
The teaser then takes a page from the Avengers' playbook, telling us, "Rick Grimes returns... only in theaters". We'll let you know more about what's to come for Rick Grimes as soon as we hear it.