Amaravati: The Singapore Consortium has closed the Amaravati Capital City Start-up Area project with Andhra Pradesh after the Government could not get a convincing reply on the genuine concerns of the State.
The Minister for Municipal Administration and Urban Development, Botsa Satyanarayana said in a statement that the project was called-off with mutual consent after there was no satisfactory answer to the concerns we have raised. There was no progress in the required measure and set parameters in the capital area region.
Our concerns were expressed when we have asked the Singapore Consortium (comprising Ascendas Singbridge Pte Ltd and Sembcorp Development Ltd) about the benefits the state would get out of the project and why the delay in the project.
‘How the state will benefit out of the project, was the genuine concern we have expressed and a satisfactory reply was not forthcoming,’ he said.
The work has not begun in the desired pace in the start-up area and other basic formalities were not completed which is of a great concern to us.
During the past four years, it was noted, that the Consortium did not undertake tangible work while it could be seen that other institutions like VIT, SRM and Amrutha had utilized the land allotted to them for the intended purpose and colleges were built during that period.
The Government wants development and growth on a fast track which was found wanting and has decided to close the issue and it was done on mutual consent.