Naidu hails center for sanctioning 3350 crores for Polavaram

polavaramAndhra Pradesh Chief Minister N Chandrababu Naidu hailed the Central government for the monetary sanction for Polavaram project.

He said Centr has given has released Rs. 3350 crores for Polavaram project and will give additional amount of Rs. 3850 crores soon. Rs. 32000 crores are needed only for the displaced and for acquiring lands in the estimated total cost of Rs. 50,000 crores. More 39000 crores required for completion of Polavaram.

Land acquisition, rehabilitation and resettlement will cost Rs 32,000 crore of which we have so far spent about Rs 6,000 crore.The actual project will cost Rs 15,000 crore, of which so far we have spent about Rs7,000 crore.