By UNI
AMARAVATI: Andhra Pradesh Chief Minister N Chandrababu Naidu said that infrastructure finance needs innovation and more and more PPP ventures and informed that the state is working with many companies in PPP mode for infrastructure development.
Naidu said this while participating in the World Cities' Summit Mayors Forum (WCSMF) which will be attended by 120 mayors and representatives from 165 cities.
He will have a brief pre-meeting with Professor Greg Clark, the Moderator in Singapore, on Sunday.
The Chief Minister explained on how Andhra Pradesh is implementing technology at different avenues for the overall development of the state.
He said as infrastructure finance needs innovation and more and more PPP ventures, Singapore can contribute in this, as we are the financial centre in this part of the world.
We can catalyse private infrastructure in many countries, and we have the willingness to work with a variety of cities across the world.
I invite all cities to showcase their innovation and ideas at this prestigious forum", he added.
The Chief Minister also spoke about infrastructure and innovation and the development of Amaravati in association with Singapore.
"By 2050, 66 per cent of world population will be urban population, mainly residing in Asia and Africa. Our state is still overcoming difficulties and working towards our vision of being one of the best destinations by 2050," Naidu said.
He highlighted that Andhra Pradesh is maintaining double-digit growth consistently, and is the number one in Ease of Doing Business.
The Chief Minister said "We are working with many companies in PPP mode for infrastructure development. Our formula is the 5-10-15 minute policy for Amaravati.
People should reach their destinations in 5 minutes for emergency, 10 minutes for social infrastructure and 15 minutes by walk to workplaces", he said.
