NDB to finance ₹6,400-cr roads in Andhra Pradesh

Andhra Pradesh Government has planned to develop new roads at ₹6,400 crore across the state with financial support from New Development Bank. The action plan includes the development of new roads, mainly the two-lane roads connecting Mandal and district headquarters. The Vijayawada-Bengaluru via Kodikonda check-post has been fast-tracked while Sheelanagar-Sabbavaram national highway in Visakhapatnam and Anakapalli upto Anandapuram road via Visakhapatnam is ready to start construction work. The CM directed the officials to actively coordinate with NHAI to start the construction work on the targeted road projects.

He informed that the construction of Ramayapatnam port would be completed in 24 months and in the first phase, 25 million tons of cargo would be transported. For Bhavanapadu port, the tender process for taking up port works would be floated by October and for phase-1, ₹2,956 crore would be spent. For the Machilipatnam port, the tender process for construction of the port would be completed soon and in phase-1, nearly 35 million tons of cargo would be transported as it would involve ₹3,650 crore investments. He also insisted on road and rail connectivity to Kakinada SEZ Gateway port, given its vast potential for industrial development, besides having provision for free trade warehousing in port areas.