$300 Million Amaravati Project Dropped by World Bank

The World Bank has dropped out of the Amaravati Sustainable Infrastructure and Institutional Development Project as reported by the official website of the bank. The status of the project could be seen as dropped in the site. This is a major jolt to the Andhra Pradesh government, as the development of the capital city is in danger again and its fate is not clear now.

The farmers in the region had lodged many complaints of their land being taken forcibly in the name of capital development. As reported by the sources, the World Bank has considered this a serious issue and opted out of the project.

During the previous Chandrababu Naidu government, World Bank has agreed to lend million dollars for the development of Amravati. The government has marked this project under Externally-Aided Projects under the Special Assistance Measures. This initiative was taken by the Modi government in 2016 and as per the norms, the burden of repayment is done by the center.