To facilitate landing of big aircraft and night landing facility at Rajahmundry, the Andhra Pradesh government is taking initiative to acquire land of 857 acres. Now, the State revenue authorities are expediting the process to carry out the survey at Madhurapudi and Burugupudi villages of Korukonda mandal in East Godavari.
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Road infra cos face problems as banks are wary of lending
Hyderabad-based IVRCL won a contract from the National Highways Authority of India (NHAI) on March 31 last year, to develop a 121-km stretch of road between Rajahmundry and Gundugolanu in Andhra Pradesh. Almost a year later, the company has still not managed to arrange bank loans for the Rs 1,617 crore project.