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PPP mode to build AP capital

PPP mode to build AP capital
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Highlights

The marathon seven-hour-long Cabinet meeting chaired by AP Chief Minister N Chandrababu Naidu decided to build the proposed new state capital in Thulluru of Guntur district under Private Public Partnership (PPP) mode. After a lengthy discussion on the subject, Naidu is understood to have told to his Cabinet colleagues that PPP would be the most feasible mode to ensure that the new capital comes up in a record time.

Govt pleads with Centre for more funds

Hyderabad: The marathon seven-hour-long Cabinet meeting chaired by AP Chief Minister N Chandrababu Naidu decided to build the proposed new state capital in Thulluru of Guntur district under Private Public Partnership (PPP) mode. After a lengthy discussion on the subject, Naidu is understood to have told to his Cabinet colleagues that PPP would be the most feasible mode to ensure that the new capital comes up in a record time.

While putting on record the fact that the Centre had disappointed the residuary state by not announcing allocation of any funds for the new capital in the Union budget, the Cabinet felt that since the state was facing financial crunch the best option for it would be to go in for PPP mode and that the government should try for getting foreign funds.

It is learnt that Naidu indicated that about Rs 1,000 crore would be coming from the Union Urban Development Ministry. Another Rs 500 crore may also come from the Centre. After a detailed discussion on the manner in which the centre had failed to allocate adequate funds, it was decided that the Chief Minister and Finance Minister Y Ramakrishnudu would go to New Delhi on Monday to meet the Union Finance Minister Arun Jaitley and Prime Minister Narendra Modi.

Naidu directed the officials to prepare a detailed representation which would include department wise requirements which would be submitted to the Prime Minister. It also decided to ask the union ministers Ashok Gajapati Raju and Sujana Chowdary to see that the state gets more funds.

The Cabinet has also decided to hold the traditional Ugadi Panchanga Shravanam at Thulluru, in the newly proposed State capital on March 21. Since the government had achieved the target of acquiring required 30,000 acres of land under land through land pooling, it decided to facilitate the farmers who had given their lands for the new state capital.

In view of the ensuing budget session, Naidu asked the ministers to be thoroughly prepared and keep themselves updated about the issues pertaining to their respective departments and turn the tables on the opposition very effectively. He is learnt to have told them that YSRCP would try to create ruckus in the assembly and needs to be tackled effectively.

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