Amaravati's Revival: Budget 2024 Allocates Rs 15,000 Crore

Politics Politics of India

Posted by pallavi on 2024-07-25 02:41:58 |

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Background and Historical Context

Amaravati, envisioned by N. Chandrababu Naidu, has been a long-standing dream for Andhra Pradesh since the state's bifurcation in 2014. Naidu, credited with transforming Hyderabad into a tech hub, aimed to replicate this success with Amaravati. Despite the foundation being laid in 2015, the project stalled due to political and financial challenges.

Budget 2024 Allocation

Union Finance Minister Nirmala Sitharaman announced a significant Rs 15,000 crore allocation for Amaravati in the Union Budget 2024. This financial package aims to kickstart the development of Andhra Pradesh's new capital, addressing the state's need for a dedicated capital city.

Planned Development and Vision

Amaravati's master plan, designed by London-based Foster + Partners, envisions a sustainable city with a strong urban grid, green spaces, and modern transportation options. The city will feature 13 urban plazas, electric vehicles, water taxis, and dedicated cycle routes. Divided into nine zones, Amaravati aims to provide a balanced and inclusive urban environment.

Challenges and Future Prospects

The project had seen significant investment under Naidu's previous tenure, but political shifts and changes in government priorities led to delays. With the new financial support, the focus is on reviving the dream, enhancing infrastructure, and boosting real estate in the region. The central government's commitment also extends to other developmental projects in Andhra Pradesh, including industrial corridors and grants for backward regions.

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