AP Chief Minister faults PM Modi, for lack of support in building Capital Amaravati

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Chandra Babu Naidu says ”The Amaravati project is a national pride and I wish the prime minister had associated with it. Why cannot the centre share the pride by getting associated with it? Because of political reasons, they are not able to associate with it,”

PM Modi had laid the foundation stone for the capital city of Amaravati in October 2015 but “he later went back on his promise to provide funds for the project,”

He further asks

“I developed Hyderabad as an IT hub. Former prime ministers always used to praise the city as a national pride….Why cannot Modi do it?”

Only Rs. 1,500 crore were contributed by central government while Amaravati Project received Rs. 1,000 crore from the Telangana State

Today Capital City is lack of funds, however he says “I have the will power. I will develop the city no matter what,”

According to the Andhra Pradesh Capital Region Development Authority (APCRDA) Additional Commissioner S Shan Mohan, presently 19 projects in PPP mode are under test of viability for evaluating growth as an economic hub

Chandrababu Naidu targets Amarvati to be in top ten cities in the world and planned an eco-system that The development project will continue without hurdles for next ten years.” Irrespective of changes in government

Known from the sources that the Andhra Pradesh government has raised Rs. 11,300 crore for the project through different means including bonds against the requirement of Rs. 48,116 crore.