World bank undecided on financing Amaravati

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The World Bank which submitted its report and recommendations on Amaravati capital constructions, remains undecided on financing the $715 million project.

To ensure compliance and perform the due diligence, the bank and APCRDA have created an action plan to react on the issues raised by the farmers and resettlement.

Even though the bank expressed satisfaction over the preparatory work, the management will decide to proceed with the planned project only after potential project risks and impacts has been analysed and the mitigation measures developed gratify the bank’s standards, reported TOI.

Following the allegations of enforced land-pooling, a team of experts visited Andhra Pradesh. The panel gave a clean chit to the Land Pooling Scheme.

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