AMARAVATI TOWARDS FINANCIAL SELF-RELIANCE

 

Vijayawada,April 27,(globelmedianews.com):
The CRDA proposes to increase some revenue sources by charging user charges from commercial firms using utility pipeline duties, gas and petro stations in the capital.Commercial firms have to use pipeline ducks for drinking water, sewage, electricity and communication systems in the capital.All types of cables and pipelines in the new city must be taken by these ducks.Besides, there is a possibility to provide some source of revenue through gas, Petro stations and waterways to the Chief Minister of Andhra Pradesh Development Authority.


AMARAVATI TOWARDS FINANCIAL SELF-RELIANCE

The new proposal has been undertaken by the Chief Minister at the last meeting to review the project in 1350 acres of land in Amravati. The new city is estimated to require Rs 166 crore for solid waste management infrastructure. Amravati discussed the financial plan at the meeting. Chief Minister Chandrababu has said that by raising revenue, the capital area should be converted into a major asset for the state. The Chief Minister commented that no single prospect of the government in the past must have waived of resources from various financial institutions. When resources are collected from financial institutions, the government has to take steps to ensure that all the government's rights are not closed and decisions are made. The meeting was discussed at the meeting on the proposal to make NRIs in the capital structure through bonds. The interest of commercial banks, other than 'hudko', was low on interest, and discussed the proposal for financial assistance to the capital housing project. The meeting decided to build a large commercial complex on the needs of growing population in Amravati. Initially, it was decided to set up a mall in 10 acres. The mall is expected to be set up with theaters, restaurants, food courts and retail shippers. The mall will be handed over to the private enterprise if the CRDA has taken up the project and later it will be handed over to private entities. The prestigious companies have already decided to set up the star hotels in the capital. Container hotel concept is being developed in partnership with Murti Farichoon organizers in Vijayawada.

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