[Urbanstudy] No NGT nod, no loan for capital Amaravati : WB, ADB

[Vinay Baindur]

http://timesofindia.indiatimes.com/city/hyderabad/No-NGT-nod-no-loan-for-capital-WB-ADB/articleshow/54302678.cms


No NGT nod, no loan for capital: WB, ADBSribala Vadlapatla
<http://timesofindia.indiatimes.com/toireporter/author-Sribala-Vadlapatla-479228850.cms>
| Sep 13, 2016, 07.12 AM IST
HYDERABAD: In a double whammy to Andhra Pradesh chief minister Chandrababu
Naidu, lending agencies, World Bank (WB) and Asian Development Bank (ADB)
have told the state government that the Rs 15,000 crore loan that is being
sought by it for the capital construction in Amaravati
<http://timesofindia.indiatimes.com/topic/Amaravati> can be released only
after necessary environment clearances are secured from the National Green
Tribunal (NGT).

Earlier in the day, the Hyderabad high court had stayed the Swiss Challenge
method of awarding contracts to Singapore
<http://www.happytrips.com/topic/singapore> firms for construction of the
new capital.

With meagre support from the Union government for the construction of
Amaravati, the Capital Region Development Authority
<http://timesofindia.indiatimes.com/topic/Capital-Region-Development-Authority>
(CRDA)
has sought the support from various external agencies including World Bank
and Asian Development Bank along with domestic organisations like Housing
and Urban Development Corporation (HUDCO).

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The CRDA has been holding discussions with World Bank and ADB for the past
few months and has sought a loan of Rs 7,500 crore from each of the agency
. The WB team had recently visited the state and held discussions with CRDA
officials.According to sources, WB had in principle agreed to provide the
loan.


However, later, the WB team informed the CRDA that the final nod for the
loan would be given only after the case pending in the NGT on the capital
is disposed of."They clearly raised some concerns over the NGT case and in
a way linked the sanction of loan to it," a highlyplaced official told TOI.
Top CommentTotally contrary news which your paper seems to,highlight as in
the previous news you say FAB money will be paid by the center and how will
that come if lenders of foreign origin say first get all ap... Read More
Murali


The CRDA officials convinced the WB officials that social impact assessment
(SIA) report would not be required to be produced for the sanction of the
loan as the land was secured under the Land Pooling Scheme (LPS). However,
the WB officials appear to have stood their ground.


Similarly , Asian Development Bank (ADB) has expressed similar concerns
like WB in releasing the loan for Amaravati. "As we are hugely depending on
the external aid, the NGT case becomes crucial for us. But we hope to
secure the verdict in the tribunal in our favour," said an official.
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