Amaravati to rise without public funds: Narayana

Minister for Municipal Administration P. Narayana has reiterated that the construction of Amaravati, the State capital, will not be funded by public money, asserting that it will be completed within three years.
Speaking to the media at the Municipal Office here on Thursday, the Minister stated that tenders worth over Rs 50,000 crore had been invited for various works in the capital region. Of these, 27 tenders have already been opened, and contract agencies have been finalised.
Narayana emphasised that Amaravati is being developed as a self-financed project, eliminating the need to utilise public funds. The government plans to secure loans from the World Bank, HUDCO, and ADB to finance the construction, he explained.
He further noted that land values in the capital region would rise significantly once key infrastructure projects, including roads, drainage, and water pipelines, are completed. The government will sell excess land at a higher value to generate funds for debt repayment, he added.
Criticising the previous YSRCP regime, Narayana accused it of deliberately undermining the capital project by converting the land bank area into an R-5 zone. He also dismissed allegations by YSRCP MLCs regarding Amaravati’s construction, stating that they were making baseless claims out of frustration following their electoral defeat.
“The people of Andhra Pradesh rejected the YSRCP’s anarchic rule, reducing them to just 11 seats. This itself is a testament to the public’s disillusionment with their governance,” Narayana remarked.