Andhra Pradesh government to streamline New Development Bank-funded road projects, to release ₹200 crore
Vijayawada: The state government has decided to streamline projects taken up with financial assistance from the New Development Bank (NDB). In 2021, the state govt, during the YSRCP regime, signed an agreement with NDB to develop approximately 1,300 km of roads.
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However, the project was not completed due to the govt's failure to release its share of funding.
After returning to power, the NDA government decided to revive the project by providing a state grant. The govt has decided to remove works that have not commenced and will focus on ongoing projects and those for which the tender process was completed.
The NDB had promised to grant a loan to widen single-lane roads from mandal headquarters to district headquarters into two-lane roads.
Although the govt initially planned to widen 1,300 km of roads, only about 71 km were completed due to financial constraints following the COVID-19 pandemic.
Chief minister Nara Chandrababu Naidu reviewed the project and directed officials to prepare a fresh detailed project report (DPR). He also instructed the finance department to release ₹200 crore to clear contractors' dues and expedite the balance projects. The state govt has trimmed the project to around 900 km to complete the first phase as soon as possible and has directed officials to prepare a blueprint for the second phase during 2025-26.
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