AP Capital Region Development Authority Bill introduced

Image
Press Trust of India Hyderabad
Last Updated : Dec 20 2014 | 2:10 PM IST
The Andhra Pradesh government today introduced the AP Capital Region Development Authority Bill, 2014, in the state Legislative Assembly.
"Consequent to the bifurcation of the state, there is an absolute need to establish a new capital for Andhra Pradesh and develop the capital region in a planned manner to ensure comprehensive development of the area.
It is decided to establish the AP Capital Region Development Authority for the capital region by undertaking a specific legislation for giving statutory back-up," Municipal Administration and Urban Development Minister P Narayana said while introducing the Bill.
The state Chief Minister would be Chairman of the Authority while the Municipal Administration and Urban Development Minister would be the vice-chairman.
Eight bureaucrats, including the state Chief Secretary would be members of the Authority while four national and international experts, who possess knowledge in urban governance, planning, conservation, environment and transportation would be appointed by the government as members.
The government has proposed creation of Capital Region Development Fund with a seed capital of Rs 1000 crore for providing working capital to the Authority and administering the Act.
The legislation also provided for creation of a Rs 250 crore revolving fund for undertaking development of amenities and infrastructure facilities in the capital area.
The legislation seeks to declare the Capital Area for the state of Andhra Pradesh, ensure planning, coordination, execution, financing, promoting and securing planned development of the capital region, provide, manage and supervise urban services in the new capital area and improve quality of life of citizens residing in it, the minister said, explaining the salient features of the legislation.
A perspective plan for 100 years, a concept master plan for 20 years and a detailed master plan for 10 years would be prepared for the capital region.
Preparing and implementing land pooling scheme, town planning scheme, special area development scheme within the jurisdiction of the Authority would be part of the legislation, Narayana added.
*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: Dec 20 2014 | 2:10 PM IST

Next Story