Funds allocated

Project

Rs.4000 crore

To compensate the resource gap for the year 2014-2015

Rs.16447 Crore

Special Package for AP

Rs.2500 Crore

Development of new capital city

Rs.24350

Development of backward regions

Rs.6000 Crore

Development of Visakha-Chennai corridor

Rs.5000 Crore

Development of Kakinada Petro Complex

Payment of 100% since 01/04/2014

Irrigation costs for Polavaram Project

Rs.11673 Crore

Educational Institutions

  • IIT Tirupati
  • Petroleum University
  • IISER Tirupati
  • IIM Visakhapatnam

Rs.3820 Crores

In order to  cover the loss due to  taxation

 

  • Cabinet committee has given in-principle approval for the construction of new port in Andhra Pradesh on PPP basis subjected to feasibility.
  • Proposals with regard to the Steel Authority of India, Indian Oil Corporation/HPCL to set up units in Andhra Pradesh are being examined as provided in the Reorganization Act.
  • Central government along with the government of Andhra Pradesh decided to expand the airport terminals of Visakhapatnam, Vijayawada, Tirupati and development is under processes.
  • Central Government is been actively looking into the proposals to build metro rails in Vijayawada and Visakhapatnam.
  • Central government has claimed that with increase in tax devolution there is a growth of 55% in the transfer of funds from 2014-2015 to 2015-2016.
  • To compensate for the advantages of special category status, the central government has proposed special assistance measure, where central government would help state government in externally aided projects by paying loans and interests.
  • According to information given by government, till now it has assisted the state with Rs 10,500 crores till the financial year 2016-2017.

For more information, visit http://ggiandhra.com/the-hunt-for-the-special-category-status-chapter-2/

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