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1400 crores released to Polavaram Project

Amid the row between the state government and centre over the SCS, the centre has released 1400 crores to Polavaram project. 

An order has been issued on the regard which stated the permission to Ministry of Water Resources, River Development and Ganga Rejuvenation to borrow a sum of Rs 1794.37 crore from Nabard to fund the Polavaram project.

The order mentioned that "The Ministry of Water Resources is allowed to fund the Polavaram project for an additional amount of Rs 1,400 crore in financial year 2017-18 for time being as an interim measure pending finalisation and audit of expenditure figures by competent authority".

Polavaram project has been excluded from the estimated support as the project has to be borne by the Centre since it is a national project. An amount of 2000 crore rupees have been sanctioned earlier to the project. 

As per the AP Reorganization Act 2014 and the Govt. of India the centre has to fulfil commitments of Special Category Status, bridging the resource gap, completion of Polavaram project with funds from the Centre.

Now the centre has released funds in lieu of the promises made.


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