N Chandrababu Naidu, the CM of Andhra Pradesh expects to see some progress in the development of the city of Amaravati in the next couple of years, so that he can confidently urge the voters to vote for him during the 2019 elections.
While addressing the Singapore consortium which is responsible for the construction work, he urged them to design at least some infrastructure in the startup area such that he has something to show to the voters during the 2019 polls. He gave these instructions during an event where he also handed the Singapore Consortium with a “Letter of Award”.
The event was attended by S Iswaran, the Minister of Trade and Industry of Singapore along with a number of delegates. The development of the capital city of Amaravati is the first major real estate project undertaken by the Andhra Pradesh government using the Public Private Partnership Technique. The Singapore consortium of companies like Ascendas Singbridge and Sembcorp Development has been appointed as the master developers.
Initially the plan was to appoint the consortium to develop the whole city spanning 20 square kilometers including the 900acres for the government city. However, owing to the legal complications that this involved, the plan was cut down to just the development of the startup area. The project will now be developed on 6.84 square kilometer area with the consortium working in tandem with the Amaravati Development Corporation. It is believed that the development of startup area will bring about major economic growth, what with the consortium attracting foreign investors, thereby leading to job creation. It is being estimated that at least 2.50 lakhs of jobs will be created which will encourage about 1.25 lakh families to settle in the city.