World Bank has dropped $300 million for Amaravati Sustainable Infrastructure & Institutional Development Project. 
World Bank has dropped $300 million for Amaravati Sustainable Infrastructure & Institutional Development Project. (Photo: The Quint)
  • 1. City Planned on Fertile Soil
  • 2. Flood Prone Zone
  • 3. Alleged Discrepancies in Land Pooling
Why Farmers Are Happy World Bank Dropped the Amaravati Project

The World Bank dropped $300 million in funding for the Amaravati Sustainable Infrastructure and Institutional Development Project on Thursday, 18 July, and according to the institution, it is because the Indian government asked them to drop the project. The reason for this is possibly that the Centre didn’t want a foreign agency to probe alleged discrepancies on Indian soil.

The decision to drop the $300 million loan was celebrated by farmers and environmental activists who strongly opposed the capital region project ever since it was announced by former Andhra Pradesh Chief Minister Chandrababu Naidu. However, contentions around the project are long-standing.

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