After being troubled, AP plans this!!

Amaravati, July 30: With Central funds, a trickle for Amaravati, the Capital Region Development Authority (CRDA) has chalked out a plan to mobilize Rs 20000 crore to set up on infrastructure, of which rs 10000 crore will be brought in through the loan from nationalized banks over the next few months.

Earlier, Andhra Bank had previously signed a contract at Visakhapatnam to pay 4,000 crores. Officials are now negotiating a loan with banks such as State Bank of India and Canara Bank. Counter-guarantee is offered by the government.

Roadshows will be held in selected cities across the country for this fundraiser. Another Rs. 4,000 crore will be provided as a World Bank loan and the funds will be available by September, officials said.

The officials of the World Bank clarified the matter when the chief Chandrababu Naidu went to Singapore recently, senior officials said.