Andhra Pradesh Capital Region Development Authority (AP-CRDA) Commissioner Cherukuri Sreedhar said the capital region master plan was being revised in view of the rapid growth in population density in the last couple of years which resulted in the mushrooming of layouts devoid of proper roads. The revised plan would ensure orderly growth, he observed.
Addressing a seminar on ‘A.P. Capital- Present and future plans’ organised by Andhra Chamber of Commerce (ACC) here on Monday, Mr. Sreedhar said tremendous growth took place, particularly along the Vijayawada-Guntur highway, and there was a need to make changes to the existing approved road network and other areas of development.
He said infrastructure works costing up to ₹44,000 crore would gain momentum in Amaravati in a month and private investments amounting to nearly ₹8,000 crore were in the pipeline over and above the expenditure being incurred by the CRDA.
‘Exorbitant rents’
The 94 km-long Inner Ring Road, which connects Vijayawada, Amaravati and Guntur, was in the final stages of notification and 320 km of six and eight-lane roads would be ready in another six months.
Allaying apprehensions that Vijayawada city was being neglected, Mr. Sreedhar said the capital city project was expected to create a ₹1 lakh crore economy in the coming three to four years.
This was an excellent opportunity for all sections, especially the business community, to utilise, he stated, warning that exorbitant rents could eventually kill the city.
ACC president V.L. Indira Dutt said economy of the State was multifaceted with the coastal districts providing the environment for manufacturing activities and that the resource diversity was complemented by good infrastructure facilities and a favourable policy framework.