TDP, CPM attack Centre, State government after World Bank 'drops' loan for Amaravati project

Image
ANI Politics
Last Updated : Jul 19 2019 | 9:30 PM IST

Telugu Desam Party (TDP) and the CPM on Friday attacked the Centre and the state government after the World Bank (WB) "dropped" the project of constructing capital city -- Amaravati.

On the WB's website, the status of the project -- "Amaravati Sustainable Infrastructure and Institutional Development Project" -- was listed as "dropped" on Thursday.

Attacking the Central government, TDP accused Prime Minister Narendra Modi of blocking the loans for the construction of Amaravati.

"Today in a news report, we read that the spokesperson of World Bank issued a statement saying that the Government of India had withdrawn its loan request for Amaravati," said TDP spokesperson K Pattabhi.

"It is unfortunate as Prime Minister Modi, who had promised to build a world-class capital Amaravati, is now blocking loans for the construction of Amaravati," he added.

Pattabhi also attacked the state government and demanded Chief Minister YS Jagan Mohan Reddy's response to the latest development.

"We have not heard anything from Chief Minister Reddy after this development. He needs to clarify whether he is in favour of building Amaravati or against it. Our leader N Chandrababu Naidu had worked so hard for building our state's capital," Pattabhi said.

CPM leader Babu Rao said the Centre now has the responsibility for the development of Amaravati.

"The future of Amravati is in the doldrums. It is the responsibility of the Central government to fund Amaravati capital project. Till now only Rs 1,500 crore has been sanctioned by the Centre in the last five years. Even the state government has given just Rs 500 crore for the capital's development," said Babu.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 19 2019 | 9:14 PM IST

Next Story