The Andhra Pradesh government has geared up to acquire land for the proposed sea port in Machilipatnam.
The Maharashtra government has signed a memorandum of understanding (MoU) with Malaysia-based CIDB Holdings for Nagpur-Mumbai Samruddhi Corridor. It is expected that the CIDB Holdings will invest sizable amount of funds from Rs.10,000 crore to Nagpur-Mumbai Samruddhi Corridor worth Rs.30,000 crore.
Encouraged by the feat of getting almost 30,000 acres of land in only three months to build a new capital near Vijayawada, the Andhra Pradesh Government is looking at adopting the land pooling model for all large public private partnership infrastructure projects in the state.
Wind energy major Mytrah Energy Ltd has announced that it has bagged a 220 MW project from the Andhra Pradesh government. The project will be installed in Kurnool district and is expected to be commissioned in 18 months, the company said.
The Rs 16,000 crore port-cum-industrial corridor deal has been cancelled by the Andhra Pradesh government. The State government had signed the deal with Ras Al Khaimah Investment Authority and Matrix Enport Holdings in 2008 for building a port-cum-industrial corridor.