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Andhra Pradesh capital to be built in PPP mode

Posted March 5th, 2015, 01:59 PM IST

Andhra Pradesh capital to be built in PPP mode

Hyderabad: During a marathon Cabinet meeting on Wednesday, it was decided that the Andhra Pradesh government would raise finances for construction of its capital city and to overcome the revenue deficit through Public Private Participation (PPP), mode, indigenous and foreign investments.

Chief Minister N. Chandrababu Naidu will write to the Centre and also meet Prime Minister Narendra Modi and finance minister Arun Jaitley and inform them that AP will not depend only on the Centre for funding the capital city and to overcome the revenue deficit.

“The state will explore all ways and means to raise its own financial resources but at the same time the Centre too should fulfill all promises made in the AP Reorganisation Act and supplement the efforts of the state government in rebuilding the state from scratch” said a source.

The meeting discussed at length the indifference of the Centre towards the state and how the meager allocations in the Union budget. The strategy to be adopted to successfully get the rightful share of AP from the Centre as mentioned in the AP Reorganisation Act and the assurances made by Mr Modi in Lok Sabha and Rajya Sabha.

Mr Naidu will seek a level playing field the development of AP on par with other states that have been granted special category status and have been given other benefits. “It was decided to give more responsibility to Union ministers i.e. M. Venkaiah Naidu of the BJP and Sujana Chowdary of the TD to follow up with the Centre for doing justice to AP in terms of financial allocations, special incentives and granting special category status.”

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