No response forces World Bank to pull out of Amaravati project, reveals RTI

Hindustan Times | Sep 13, 2019 at 12:10 PM
  • The World Bank pulled out of Amaravati capital city project of Andhra Pradesh in July, as the newly formed YSR Congress party government apparently did not show interest in pursuing the proposal to borrow US $300 million loan from the bank.
  • The Department of Economic Affairs in the Union ministry of finance took up the matter with the officials of the AP Capital Region Development Authority (APCRDA) on June 4, five days after Jagan took over as the new chief minister, on the World Bank loan under Amaravati Sustainable Infrastructure and Institutional Development Project.
  • The APCRDA authorities conveyed to the DEA that the chief minister would take a call on the capital city at a meeting on June 6.