Key Points

Andhra Pradesh Chief Minister N. Chandrababu Naidu has approved the creation of a Special Purpose Vehicle (SPV) to oversee major projects in Amaravati, including an airport and riverfront development. The CRDA meeting also cleared land pooling for a Gold Cluster project expected to attract Rs 5,000 crore in investments. Naidu emphasized iconic designs and pollution-free industries while pushing for rapid construction. The state aims to strengthen infrastructure with Rs 904 crore allocated for basic amenities in LPS zones.

Key Points: Chandrababu Naidu Approves SPV for Amaravati Mega Projects

  • SPV to manage Amaravati’s airport and sports city projects
  • Rs 904 crore allocated for critical infrastructure in LPS zones
  • Gold Cluster project to create 20,000 jobs
  • CM Naidu pushes for pollution-free industries in capital region
3 min read

SPV to be created for mega projects in Amaravati

Andhra CM clears SPV for Amaravati projects including airport, NTR statue, and riverfront development, aiming for Rs 5,000 crore investment.

"Every construction must stand as iconic - N. Chandrababu Naidu"

Amaravati, Aug 18

A Special Purpose Vehicle (SPV) will be created for various prestigious projects in the upcoming Andhra Pradesh capital, Amaravati, it was announced on Monday.

The 51st meeting of the Capital Region Development Authority (CRDA), chaired by Chief Minister N. Chandrababu Naidu on Monday, cleared the creation of SPV for projects including the greenfield airport, the NTR statue, the sports city, smart industries, riverfront development, the inner ring road, and the ropeway.

The CRDA also approved land pooling for the gems & jewellery park as part of the ‘Gold Cluster’ project in Mangalagiri. Specifically, 78 acres at Atmakur near Mangalagiri will be assembled under the Land Pooling Scheme (LPS).

It also approved special LPS norms for this cluster. CM Chandrababu Naidu instructed that a robust infrastructure be created to establish a dedicated ecosystem around the cluster. CRDA officials noted that the project is expected to attract Rs 5,000 crore in investments and create nearly 20,000 jobs.

The authority further sanctioned Rs 904 crore under the critical infra and investment plan for LPS Zones to strengthen basic amenities like drains, water supply, and critical infrastructure works across 29 village panchayats within the capital region.

The Chief Minister directed officials to select an iconic design for the bridge across the Krishna River that will connect Amaravati. He suggested that innovative designs be explored, including those inspired by the traditional Kuchipudi dance form.

The meeting also cleared the proposal to remove the term “assigned” from ownership certificates issued under the Land Pooling Scheme, the establishment of a sewerage water treatment plant in Amaravati at a cost of Rs 411 crore, setting up a water distribution centre at Rs 376.6 crore, and allotment of an additional 100 acres each to VIT and SRM universities.

Naidu directed that all construction works in the capital region should proceed on a war footing. He instructed officials to upload project details online for continuous public updates. He emphasised that the capital should take visible shape within this construction season itself.

The Chief Minister insisted that projects handled by the SPV, such as the sports city, must be built to international standards. He also called for seamless integration of the riverfront, the ropeway, and the inner ring road projects.

He stressed that only pollution-free industries and investments should be encouraged in the capital area. He also announced that a prestigious Bio-Engineering University would soon come up in Amaravati.

Highlighting Amaravati’s unique geographic advantages unmatched elsewhere in the country, the CM said every construction must stand as iconic. He directed that all projects should be planned in a way that generates economic activity alongside development.

The CRDA meeting was attended by Minister P. Narayana, Chief Secretary K. Vijayanand, and senior officials from the Municipal, CRDA, and ADC departments.

- IANS

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Reader Comments

S
Shreya B
While the plans sound impressive, I'm concerned about the environmental impact. Riverfront development and ropeway projects must not disturb Krishna river's ecosystem. Hope they conduct proper EIAs before starting work.
A
Arjun K
The Kuchipudi-inspired bridge design idea is brilliant! It's great to see our cultural heritage being incorporated into modern infrastructure. Amaravati could become India's most beautiful capital if executed well.
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Priya S
Rs 5000 crore investment and 20,000 jobs sounds promising, but what about the farmers who gave land for this project? Are they getting fair compensation and rehabilitation? Development shouldn't come at the cost of local communities.
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Vikram M
Good to see focus on pollution-free industries. Hope they implement this strictly. We don't want another Delhi-like situation in our new capital. The Bio-Engineering University is a visionary project!
K
Karthik V
"War footing" construction sounds good on paper, but quality shouldn't be compromised for speed. Remember the metro projects that got delayed due to rushed work? Hope they find the right balance.
N
Nisha Z
The transparency initiative of uploading project details online is commendable! More governments should do this. As a taxpayer, I want to know where my money is being spent. 👏

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