On Wednesday, 20th Jan AP Minister of Roads and Buildings Sankaranarayana stated Rs 6,400 crore was allocated for state road development.
Huge Funds Granted for Highway Developments
Minister announced that the recent rains in some places damaged roads and that the issue was informed by CM YS Jaganmohan Reddy, who advised immediately that the damaged highways should be renovated.
Apart from this, Rs 1,000 crore was spent on road repairs that would be completed by next March. A total of Rs 450 Crore dues were also agreed to pay in this direction. Also Rs 200 Crore is allotted to the regions affected by the Nivar cyclone.
The New Development Bank (NDB) has been entrusted with a new project that costs Rs 6,000 Crore, while NABARD releases another Rs 1,150 Crore. Efforts to lay roads in the tribal areas were made available, as well as funds for roads under the beautification of Visakhapatnam.
To this end, an MoU with the NDB was achieved and through reverse tenders the state had saved Rs 85 Crore. A total of Rs.550 Crore has already been allocated to road repair by the state government. Under this program, the roads will be restored to an extent of 600 km with Rs 2,168 Crore.
By: Shailaja K