In the next five years, special purpose vehicles (SPVs) will be spending around Rs.1,631 billion on projects conceived under area-based development and Rs.388 billion on pan-city development.
Andhra Pradesh Chief Minister N Chandrababu Naidu has said that Andhra Pradesh was well-positioned to emerge as an aviation hub with Vijayawada (Gannavaram) airport registering an impressive growth in passenger traffic. The other two major airports at Visakhapatnam and Tirupati were also making rapid strides.
Survey to alienate land in Polaki mandal of the district where Japanese company Sumitomo Corporation plans to establish an ultra supercritical thermal power project in Andhra Pradesh has hit a snag with Left parties and farmersÂ´ groups opposing it.
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.