Centre grants Rs.1,269 crore for projects including Rs.417.44 crore for Polavaram

Saturday, February 10, 2018

The Union Government today released a sum of Rs.1,269 crore to the State under different heads following reported strained relations of TDP and BJP.

Th gross grant included Rs.417.44 crore for the Polavaram national project. The release of the amount is towards the amount already utilized by the State government against the irrigation component of Polavaram after April1, 2014. The Centre has so far released Rs.4,329 crore for the project while the State government said it spent over Rs.7,200 crore after it was declared as a national project.

Minister for Finance Yanamala Ramakrishnudu said that the Union Finance Minister Arun Jaitley last month, stating that a sum of Rs.3,217.63 crore spent on Polavaram project was yet to be reimbursed to the State government. Of this, the Centre has released Rs.417.44 crore according to official sources.

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