After a few months of suspense over its fate, the curtains have finally come down on the ‘Amaravati Capital City Start-Up Area Project’, in Andhra Pradesh.
The State Government and a Singapore consortium have agreed to call off the project with mutual consent.
The ambitious, multi-billion-dollar Amaravati Capital city, of which the present project is a part, was the ‘dream initiative’ of former Chief Minister Nara Chandrababu Naidu.
There was a question mark over the project ever since the YS Jaganmohan Reddy government came to power in June.
Consequently, the Andhra Pradesh government raised concerns and queries to the Singapore consortium (consisting of Ascendas Sing bridge and Sembcorp Development Ltd) and the Singapore government over the project.
Ultimately, it issued a Government Order, dated November 11, announcing its closure.
Denne historien er fra November 13, 2019-utgaven av The Hindu Business Line.
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Denne historien er fra November 13, 2019-utgaven av The Hindu Business Line.
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