Why has Centre stopped World Bank loan to Amaravati?


Whatever has happened, it’s the Andhra people who are the ultimate sufferers. Now, they are caught in the crossfire between the Modi government at the Centre and the Jagan Reddy government in the state. The World Bank has eventually clarified that it has dropped its Rs 2,100 Cr loan to Amaravati Capital City project at the request of the Central Government. Why has it happened like that? The ruling YCP leaders are saying that the Jagan Reddy government is not responsible for the cancellation of the huge loan. The BJP leaders are also not clarifying why the Modi government took the drastic step.

Analysts say that on its own, the BJP will not dare to unilaterally stop the loan as it will bring bad image to the party among the Andhra voters. The Centre should have consulted AP before asking World Bank to cancel the loan. There has been no correspondence between the Centre and the state in the whole issue which eventually led to the loss of a good opportunity. The promise of building a Capital City for Andhra along the lines of Hyderabad and Delhi is now going down the drain. BJP AP leaders will have to answer for this.

Telugu360 is always open for the best and bright journalists. If you are interested in full-time or freelance, email us at Krishna@telugu360.com.