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Venkaiah Naidu granted 1500 crores for AP


Union urban ministry released financial support of Rs.1,500 crore for AP capital.The ministry has granted Rs. 1,500 crores to the Andhra Pradesh state for constructing capital city following Section 94 (3) of AP Reorganization Bill-2014. The Center has declared the amount is intended to construction of capital including housing of Raj Bhavan, the State Secretariat, Assembly and the High Court.

It is a big shock to Andhra Pradesh State Government as the Government has requested the Centre for a grant of Rs.1,00,213 crore during the next five years .For the first year the state government has appealed the Center to release Rs. 20,000 crores for this purpose, but it grants Rs. 1, 500 crores only.

Union urban development minister M. Venkaiah Naidu has assured that he will release sufficient funds once the state government submits detailed project report of the capital city. So we can assume that these 1500 crores are the first installment and more funds may be granted in the near future.

Meanwhile, AP government officials said that they are yet to receive any communication from the centre on the release of funds for the new capital of the state. TDP sources claimed that the release of funds was due to Chandrababu Naidu's visit to Delhi during last week. Naidu visited Delhi last week and he met several ministers including Venkaiah.

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