Prime Minister Dr Manmohan Singh has assured all help for 10 mega central and state sector projects proposed or under implementation in Andhra Pradesh with a massive investment of Rs 40,000 crore.
These projects are the 4,000 megawatt ultra power project at Krishnapatnam, 520 megawatt thermal power project at Ramagundam, the expansion of HPCL refinery at Visakhapatnam, the grassroots refinery project of ONGC at Kakinada, the Special Economic Zone at Kakinada, the Petrochemicals investment region in Visakhapatnam, expansion of Visakhapatnam port, Hyderabad Metro Rail Transit System, Outer Ring Road project, and expressway for Hyderabad international airport.
Briefing newsmen after a second round of review meeting by PM in the afternoon, Union Finance Minister P Chidambaram said that the meeting decided on the responsibilities, timelines and dates on which milestones have to be achieved and what is to be done by the Union government for the implementation of these mega projects.
“We have reviewed the status of the major investment proposals under implementation or under consideration in Andhra Pradesh. Many of these proposals are under implementation or in advanced stage of consideration. Progress in these projects is extremely satisfactory.
There will be an investment boom in Andhra Pradesh (when these projects are implemented),” Chidambaram said.
He said that roughly the gross investment in these projects,barring the Outer Ring Road and the grassroots refinery at Kakinada, would be around Rs 40,000 crore.
“This is the contemplated investment only on the development side. These projects in turn will catalyse more projects with massive investments,” he pointed out.
He said that the Andhra Pradesh government also sought the central assistance for construction of major bridges and state roads, as well as Bhoo Bharathi (land survey) project. The state also made the presentation on the gas pipelines and non-availability of gas for new projects.
"We have noted the issues raised by them and promised that we will follow up each of these issues,” he said and added that detailed review on these project proposals and issues would be done by calling the AP officials to Delhi for interacting with the officials of the concerned central ministries.
He said that it was a “novel and good experiment” wherein the Prime Minister and Central ministers spent the whole day with the Chief Minister and state officials looking at development and investment proposals in the state.