Thank God! World Bank Cancels Amaravati Loan

Fri 19th Jul 2019 07:16 AM

World Bank Cancels Amaravati Loan

Amaravati Loan Cancelled by World Bank
Amaravati Loan Cancelled by World Bank
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Here is really a great news for AP people. The world bank decided to pull out of $300 million lending to the capital Amaravati. This cheerful news was announced on Friday by the officials of world bank.

When former CM Chandrababu Naidu announced 3-crop yielding land Amaravati as the capital of the state, there was lot of hue and cry among all sections. Owing to extreme levels of caste bias CBN, is said to selected the land for the AP's capital.

Besides, the TDP government wasted thousands of crores for temporary useless constructions in Amaravati. On the other hand, 33000 acres of farmers' lands were grabbed either forcibly or with their willingness. 

Now that YSRCP government has decided to review the corruption done in Amaravati and is in no mood to develop it as the capital city, the investors decided not to invest their funds to the capital. As a result, world bank cancelled the proposed loan to Amaravati.

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