Amaravati project dropped with mutual consent, says AP minister Botsa Satyanarayana

Amaravati: Andhra Pradesh Minister for Municipal Administration and Urban Development, Botsa Satyanarayana, said on Tuesday that the Amaravati project was dropped with mutual consent. He further added that the Singapore Consortium closed the Amaravati Capital City Start-up Area project with AP after the government could not get a convincing reply on the state’s genuine concerns.

In an official statement on Tuesday, Botsa Satyanarayana said, “The project was called-off with mutual consent after there was no satisfactory answer to the concerns they raised. There was no progress in the required measure and set parameters in the capital area region.”

He said, “Our concerns were expressed when we asked the Singapore Consortium (comprising Ascendas Singbridge Pte Ltd and SembCorp Development Ltd) about the benefits the state would get out of the project and on the delay in the project.”

He further stated that the methods by which the state will benefit from the project were the genuine concern they expressed. HE noted that a satisfactory reply was not forthcoming. “The work has not begun in the desired pace in the start-up area, and other basic formalities were not completed which is of great concern to us,” the minister added.

The Consortium did not undertake tangible work in the last four years while other institutions like VIT, SRM and Amrutha had utilised the land allotted to them for the intended purpose and colleges were built during that period, Satyanarayana said. The state government wants development and growth on a fast track due to which the YSRCP govt has decided to close the issue with mutual consent, he added.

Meta Description: Andhra Pradesh Minister for Municipal Administration and Urban Development, Botsa Satyanarayana, said on Tuesday that the Amaravati project was dropped with mutual consent. He further added that the Singapore Consortium closed the Amaravati Capital City Start-up Area project with AP after the government could not get a convincing reply on the state’s genuine concerns.

Also Read: https://newsmeter.in/singapore-announces-closure-of-amaravati-capital-city-start-up-project/

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