Government to bear Polavaram Project cost

09 Mar 2022 CW Team

The Minister for Water Resources Gajendra Shekhawat told the media that the central government would bear the total cost of the Polavaram Project.

The central and state governments would finish the construction within a year. The Minister said that to boost the construction review and release of funds, the Polavaram Project Authority office would be moved to Rajamahendravaram.

Meanwhile, the state officials requested the Minister to fix Rs 55,548.87 crore as the project cost based on the 2017-18 price index and contain a drinking water project element in the project.

Chief Minister Jagan Mohan and Shekhawat checked the development progress at the site in West Godavari district on Friday.

Shekhawat told the authorities a clear plan of action should be made to evacuate the project-displaced families from their villages and move them into rehabilitation colonies. Monthly reports should be sent to the Union Ministry of Water Resources. The Chief Minister informed the Minister of the progress of the project and requested him to release funds as and when they are spent and not on a component basis.

The release of funds on a component basis is slowing down work.The progress of implementation of the right and left canal works are slowing down due to the component-based controlling system and the power purchase agreement (PPA) had not uploaded some of the bills till now, the CM told the media.

He said that there was a huge gap between the time when the works were completed by the state government and the time the reimbursement was by the central government.

The project authority had denied issuing Rs 859.59 crore to the state government.

He recommended that if the central government takes the total development as a component and releases funds once every 15 days, it will assist the state vis-a-vis the flow of cash. He additionally said the authorities had not prepared the designs and work to include the erosion area at the lower Coffer Dam and Electronic case report form (ECRF) construction area.

Image Source

Also read: Govt releases Rs 1154 cr grants to 4 states for Urban local bodies

The Minister for Water Resources Gajendra Shekhawat told the media that the central government would bear the total cost of the Polavaram Project. The central and state governments would finish the construction within a year. The Minister said that to boost the construction review and release of funds, the Polavaram Project Authority office would be moved to Rajamahendravaram. Meanwhile, the state officials requested the Minister to fix Rs 55,548.87 crore as the project cost based on the 2017-18 price index and contain a drinking water project element in the project. Chief Minister Jagan Mohan and Shekhawat checked the development progress at the site in West Godavari district on Friday. Shekhawat told the authorities a clear plan of action should be made to evacuate the project-displaced families from their villages and move them into rehabilitation colonies. Monthly reports should be sent to the Union Ministry of Water Resources. The Chief Minister informed the Minister of the progress of the project and requested him to release funds as and when they are spent and not on a component basis. The release of funds on a component basis is slowing down work.The progress of implementation of the right and left canal works are slowing down due to the component-based controlling system and the power purchase agreement (PPA) had not uploaded some of the bills till now, the CM told the media. He said that there was a huge gap between the time when the works were completed by the state government and the time the reimbursement was by the central government. The project authority had denied issuing Rs 859.59 crore to the state government. He recommended that if the central government takes the total development as a component and releases funds once every 15 days, it will assist the state vis-a-vis the flow of cash. He additionally said the authorities had not prepared the designs and work to include the erosion area at the lower Coffer Dam and Electronic case report form (ECRF) construction area. Image Source Also read: Govt releases Rs 1154 cr grants to 4 states for Urban local bodies

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Real Estate

07 Jul 2026

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Infrastructure Urban

07 Jul 2026

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..