After the project was declared a National Project, Ministry of Finance informed that it will provide 100% of the remaining cost of the irrigation component only, for the period starting from 01st April, 2014, to the extent of the cost of the irrigation component on that date. After this, CA of Rs. 3364.16 crore has been released for this project from 01st April, 2014 to 31st March, 2017. During 2017-18 CA of Rs. 979.36 crore has been released and another Rs. 1020.64 Cr. has been sanctioned.
The State Government has informed that they are taking all steps for timely completion of the project duly resolving all hurdles like pending land and R&R issues, finalization of designs, NH crossings, problems at work front etc. As informed by the Water Resource Department, Govt. of Andhra Pradesh, the project is targeted to be completed by 2019.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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
