Centre released Rs.2,500 crore for construction of the capital city Amaravati

Thursday, November 30, 2017

Chief Minister Nara Chandrababu Naidu today said that the Central Government had so far released Rs.2,500 crore for construction of capital city Amaravati and the another Rs.1,000 crore would be paid in the coming years.

Speaking in a short duration discussion on the ‘Implementation of AP Reorganization Act-Central financial assistance’ in the Assembly, he said the Centre had permitted the diversion of 2,000 hectares of forest land for the capital project. The Centre released Rs.1,050 crore towards special package for seven Rayalaseema and north coastal districts in three instalments and an additional of Rs.1,050 crore due to be paid in the next three years.

A total of Rs.22,113 crore is to be paid as a revenue deficit grant as per the 14th Finance Commission’s recommendations. He said there are 89 institutions listed in Schedule IX. On distribution of assets and liabilities pertaining to 69 institutions and employees of 49 out of 69 institutions. On division of assets and liabilities of Schedule X institutions, he said that there are 142 such institutions and that the matter being heard by the Supreme Court. He further listed 19 assurances that fall under the purview of Schedule XIII and the institutes/projects/offices sanctioned by the Central government but not covered by the AP Reorganization Act.

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