+
CRDA Approves 59 Tenders Worth Rs 377.02 Bn; Amaravati Work Soon
Real Estate

CRDA Approves 59 Tenders Worth Rs 377.02 Bn; Amaravati Work Soon

The Capital Region Development Authority (CRDA) has approved 59 tenders for infrastructure development projects in Amaravati, amounting to Rs 377.02 billion. These projects will commence following the State Cabinet’s approval, which is scheduled for March 17.

Initially, tenders were invited for 73 projects worth Rs 480.12 billion, as they had already received Cabinet clearance. Out of these, the CRDA has sanctioned 59 tenders. A Letter of Intent will soon be issued for the approved works. Of the total sanctioned projects, 22 fall within the CRDA limits, with an estimated cost of Rs 226.07 billion, while the remaining 37 projects, overseen by Amaravati Development Corporation, account for Rs 150.95 billion. The development work will involve over 20,000 workers.

Additionally, the CRDA has approved land allotment for 31 organizations and extended the deadline for 11 others to modify their allocated locations. The proposal for location changes for two organizations has also been accepted.

The overall development cost of Amaravati Capital City is projected at Rs 640 billion. To fund the construction, revenue generated from surplus land—either through mortgaging or sales—will be utilised, ensuring that taxpayer contributions are not diverted for capital development. From the land acquired from farmers, the CRDA holds an excess of 6,203 acre, with 1,900 acre designated for allocation to various organizations.

These strategic approvals and financial planning measures aim to accelerate Amaravati’s development while maintaining fiscal discipline.

News source: The New Indian Express

The Capital Region Development Authority (CRDA) has approved 59 tenders for infrastructure development projects in Amaravati, amounting to Rs 377.02 billion. These projects will commence following the State Cabinet’s approval, which is scheduled for March 17. Initially, tenders were invited for 73 projects worth Rs 480.12 billion, as they had already received Cabinet clearance. Out of these, the CRDA has sanctioned 59 tenders. A Letter of Intent will soon be issued for the approved works. Of the total sanctioned projects, 22 fall within the CRDA limits, with an estimated cost of Rs 226.07 billion, while the remaining 37 projects, overseen by Amaravati Development Corporation, account for Rs 150.95 billion. The development work will involve over 20,000 workers. Additionally, the CRDA has approved land allotment for 31 organizations and extended the deadline for 11 others to modify their allocated locations. The proposal for location changes for two organizations has also been accepted. The overall development cost of Amaravati Capital City is projected at Rs 640 billion. To fund the construction, revenue generated from surplus land—either through mortgaging or sales—will be utilised, ensuring that taxpayer contributions are not diverted for capital development. From the land acquired from farmers, the CRDA holds an excess of 6,203 acre, with 1,900 acre designated for allocation to various organizations. These strategic approvals and financial planning measures aim to accelerate Amaravati’s development while maintaining fiscal discipline. News source: The New Indian Express

Related Stories

Gold Stories

Next Story
Infrastructure Transport

97 Per Cent Of Rongjeng-Mangsang-Adokgre Road Nears Completion

Deputy Chief Minister in-charge of public works Prestone Tynsong said in Shillong on 26 August that 97 per cent physical progress had been achieved on the ongoing Rongjeng-Mangsang-Adokgre road being constructed under the Non-Lapsable Central Pool of Resources (NLCPR). He noted the project was sanctioned in 2017 and that the stipulated time for completion had been 24 months from issue of the final work order. The deputy chief minister informed the assembly that the government had decided to include the remaining work under a World Bank project. In reply to a query from Rongjeng MLA Jim M Sangm..

Next Story
Infrastructure Transport

First TBM Starts Digging Five Point Three Kilometre Tunnel Under SGNP

The Goregaon-Mulund Link Road (GMLR) Phase three (B) project has reached a key milestone as the first tunnel boring machine (TBM) began excavation of the first of two tunnels beneath the Sanjay Gandhi National Park (SGNP). The machine, named Tulsi, started cutting a five point three kilometre bore that will link Dadasaheb Phalke Chitranagari in Goregaon East with Amar Nagar in Mulund West. Officials issued a statement noting the commencement of tunnelling work under the protected green belt. The twin tunnels are being constructed using mechanised tunnelling methods that aim to limit surface di..

Next Story
Infrastructure Transport

UP Approves Two Expressways And Rs 240 bn Infrastructure Push

The Uttar Pradesh Cabinet approved a series of infrastructure and industrial investment proposals totalling Rs 240 billion (Rs 240 bn), including two major expressway projects, a manufacturing and logistics cluster in Sultanpur and incentives for 11 industrial projects across the state. The decisions, taken at a meeting chaired by Chief Minister Yogi Adityanath, underline the state government’s focus on expanding road connectivity around emerging industrial hubs while attracting manufacturing investment to districts beyond major urban centres. The approvals cover both greenfield expressway c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code