AP allocates Rs 3,168 Cr for new capital
Hyderabad, March 12 (INN): The Andhra Pradesh Government has allocated Rs 3,168 crore for the construction of State's new capital.
"A truly world class people's capital reflecting the aspirations of the people of the State is being planned with people's cooperation," said Finance Minister Yanamala Ramakrishunu in his annual budget speech for 2015-16 in Legislative Assembly no Thursday.
"The new capital will be a place for creativity and innovation. Sustainability in terms of infrastructure, environment, equity and safety will make it an ever green capital. Such a city will require meticulous planning for the very long term infrastructure needs of the future generations. Building a huge city without planning for the required infrastructure and the right foundation for future needs will make it useless for next generations," he said.
The Finance Minister claimed that the total land required is being secured by obtaining consent from the land owners of capital city consisting of about 33,252 acres out of whom about 87% have given consent for pooling their land. Out of this land, 50% will be used for common infrastructure for the city which is required to build state of the art infrastructure. About 25% will be returned to the land owners in the form of developed reconstituted plots. This leaves about 7,000 acres of land with the State for constructing its capital complex as well as bringing investments to provide sustainable jobs for the residents of the capital city, he said.
"It is planned to return the developed land to land owners, construct the capital complex, and bring the threshold level of jobs which will make the city self-sustaining over the next three years. The consent of farmers is a historical event and the governmentally gratefully acknowledges their contribution. Funds are released to Capital Region Development Authority (CRDA) for making payments to farmers," Yanamala said.
News Posted: 12 March, 2015
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