AP to go for external borrowing for Polavaram

Chief Minister N Chandrababu Naidu directed the officials to set up a separate corporation to mobilise funds for the continuation of project works. When the officials said that Andhra Pradesh Water Resources Development Corporation (APWRDC) is available and the state government can borrow funds through the corporation and reimburse the amount whenever the Central government release funds, the Chief Minister directed them to start the process.

Though the Central government has to fund the project woks as per the AP Reorganisation Act 2014, the State is spending from its coffers causing additional burden on the exchequer. Now, as the exchequer is almost empty and even the borrowed funds are unavailable, the Chief Minister plans to go for external borrowing through yet another corporation to meet the funds required for the project. The APWRDC would now be exposed to the external lenders who might take some of its assets as guarantee to release the funds.

Meanwhile, the Chief Minister reviewed the progress of Polavaram project works at secretariat where the officials said that 58.77 per cent of works were completed so far. The Chief Minister directed the officials to speed up works to clear the backlog as rainy season came to an end and the Godavari floods receded and see major part of the works complete by December.

The officials said 78.20 per cent works of spillway, spill channel, approach channel, pilot channel and left flank were completed. They said 39.20 per cent of concreting works including spillway, stilling basic and spill channel were completed so far. Coming radial gates 61.85 per cent of works were completed and 100 per cent of diaphragm wall works were completed. As many as 48 radial gates have to be arranged for the project. The Chief Minister asked the officials to speed for the left main canal works and Rehabilitation and Resettlement package to displaced villagers in both East and West Godavari district.

When the officials and contractors informed of the delay in works due to rainy season, the Chief Minister directed the officials to complete the backlog works and see that all the major earth and concrete works completed by December.

The Chief Minister enquired the officials over clearances pending with Central government and asked them to make efforts to get necessary clearances immediately.

Ravi Batchali
About Ravi Batchali 1332 Articles
With twenty five years of  experience in Print / Electronic & Social Media, had an illustrious career in leading daily news papers. Very creative and a tenacious reporter of the news with a reputation for impeccable ethics. His passion for Community Journalism and his work as a staff reporter was widely acclaimed. An excellent storyteller who treats news, features and other events with equal priority.

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