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Andhra CM Launches ₹11,360 Crore Projects Across State

Andhra CM Launches ₹11,360 Crore Projects Across State
Naidu Lays Foundation for Projects worth Rs.11,360 Cr across State · deccanchronicle.com

Andhra Pradesh Chief Minister N Chandrababu Naidu started several public projects worth ₹11,360 crore.

The projects will take place in 123 municipalities across 26 districts.

They will be carried out using a financing method called the Hybrid Annuity Model.

Much of the money will be used to build roads.

Other projects include medians, street lights and parks.

Some projects are planned for Greater Visakhapatnam.

Naidu also opened stops for two trains in Kuppam.

He said he wants Kuppam to become an economic and tourist hub.

Key facts

Total project value
₹11,360 crore
Coverage
123 municipalities across 26 districts
Statewide works
₹7,469 crore
Greater Visakhapatnam works
₹3,890 crore
Road construction
₹4,656 crore
Other works
Central medians: ₹88 crore; street lighting: ₹247 crore; parks: ₹509 crore
Implementation model
Hybrid Annuity Model, being used for these projects for the first time

Quotes

N Chandrababu Naidu

Chief Minister of Andhra Pradesh

“There are halts for 59 trains in Kuppam now and we are trying for more halts in the future”
thehindubusinessline.com deccanchronicle.com

Sources

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