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At a time when the State government is pulling out all the stops to promote Amaravati as the next major tourist destination, private investors do not appear too enthused about investing.
The CRDA has issued Letters of Intent (LOIs) to management of eight star hotels who would set up their establishments in Amaravati.
Preliminary estimates put the total project cost at J1,000 crore
In a teleconference with the CRDA officials on Sunday, Naidu said that the capital city should get a visible shape in the next six months.
Appraisal process is yet to begin; CRDA completes all requisite documentation, World Bank examining it.
Amaravati bonds: Investors urge Andhra Pradesh Capital Region Development Authority to wait until RBI policy is out
The investors, who are keen on investing in the bonds to be raised by the AP Capital Region Development Authority (CRDA) for Amaravati construction, have requested the authority
The agency, which has been engaged for credit rating of proposed bonds to be issued by the AP Capital Region Development Authority(CRDA), is expected to affirm AA- rating.
CRDA hopes for good response as bonds backed by “irrevocable guarantee” of State govt
The Capital Region Development Authority (CRDA) will develop the proposed smart facilities in Amaravati in a phased manner.
With an objective to raise money for capital construction, the CRDA will be releasing bonds worth Rs 2,000 crores by May-end.
The officials TNIE spoke to said that the reason for not handing over then lands is non-payment of land cost by the institutions.
The state government is all set to send a delegation to Copenhagen for studying the successful implementation of the metro project there.
Estimated cost of five towers is pegged at R2,176 crore, developer to be identified by June.
Officials explained that the NGO will engage with PAPs and PAFs on a continuous basis to educate them on their entitlements, grievance mechanisms, opportunities available for their development.
The raids were conducted under the supervision of the body’s promotion wing in-charge director G Nageswara Rao.