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Centre announces financial package for Andhra Pradesh

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Industrial Corridors
About Rs 22,000 crore will be granted for industrial corridor to the state in the next two or three years.
Irrigation
Centre to bear 100% cost of Polavaram project 16000 crore around
Creation of new capital of State
An amount of Rs.2,500 crore has already been paid as support for creation of new capital of State of Andhra Pradesh and a balance of Rs.1,000 crore would be paid in due course.
Package for backward areas
An amount of Rs.1,050 crore has been disbursed as special package for backward areas and a further amount of Rs.1,050 crore would be paid in the coming years.
Education
  • A Petroleum University has already been established.
  • The IIT has already been functioning from a transit campus and the main campus is being constructed.
  • The National Institute of Technology has already been functioning since September 2015 in a temporary campus and its main campus is being constructed.
  • The Indian Institute of Information Technology, Kurnool has already started functioning from the temporary campus and would start functioning and its main campus is being constructed.
  • The site for the Central University in Anantapur district has already been selected.
  • The Indian Institute of Science Education and Research has been established in Tirupati.
  • The Indian Institute of Management has been established at Visakhapatnam.
  • An All India Institute of Medical Sciences has been approved at Guntur and the land for the same is being taken over.
  • A Tribal University is to be established in the State of Andhra Pradesh for which a Site Selection Committee of the State has already approved the land.
  • A National Institute of Disaster Management is being established in the State of Andhra Pradesh for which identification and takeover of the land is being completed.
Port
Establishment of a major port at Dugarajapatnam in Andhra Pradesh
Airport Development
  • In Vishakhapatnam, international flights are already operating. For further expansion, land has been identified at Bhogapuram. The State is to acquire and hand over land for development by AAI as per the standard terms for such development or develop on its own by PPP. A techno economic feasibility report is to be undertaken by State Government.
  • For Vijayawada, MoU has been signed by AAI with Govt. of Andhra Pradesh to develop the existing terminal. The State is to acquire 698 acres of land required for the expansion as per the standard terms.
  • For Tirupati, the new terminal was inaugurated by the Prime Minister on 22.10.2015. A new apron for parking for 3 aircraft has been completed. The existing runway, apron and terminal building are adequate for commencing international flights. Expansion of new apron for parking additional 4 aircraft and isolation bay is under construction within the available land.
Source:-
Central Assistance to Andhra Pradesh
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