The Hindu Business Line : AP looking at integrating infrastructure development

Hyderabad, May 19 The Andhra Pradesh Government is looking at integrating infrastructure development for the proposed Costal Corridor and the Petroleum, Chemicals and Petrochemical Investment Region (PCPIR) projects.

“Since the first phase of the proposed Costal Corridor will be from Visakhapatnam to Kakinada, where the PCPIR project is slated to come up, the State Government is looking at developing work relating to basic infrastructure simultaneously,” Mr Sanjay Jaju, Vice-Chairman and Managing Director of Infrastructure Corporation of Andhra Pradesh (INCAP), told Business Line here today.

Mr Jaju also said that International Finance Corporation (IFC), an arm of the World Bank, will implement the road projects in the area. He added that they got a feel of what the development in the area will look like once the project is implemented.

PCPIR project

A Government official also said that a meeting of the committee of Union Secretaries is slated for May 21 in New Delhi, to take a final decision on the PCPIR project which would in turn be recommended to the Cabinet for the final approval within the next one month.

Andhra Pradesh has turned out to be one of the prime contenders for the proposed PCPIR being envisaged by the Central Government.

The project in Andhra Pradesh is estimated to attract investments to the tune of around Rs 3 lakh crore and as per current estimates the State has more than half of the total investment envisaged for the project.

“IDFC is the consultant for the Chennai-Bangalore-Mumbai industrial corridor and we have had a meeting with them so that our proposal can be studied,” he said referring to the State proposal to join the project.

Initial plan

According to initial plan, the State Government is proposing development stretch from Satyavedu to Chennai and also development of Nellore to Bangalore region covering Rajampet, Kadapa, Ananthapur and Hindupur.

As per Government estimates, the total corridor in Andhra Pradesh is likely to cover 300 km.

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