gfiles magazine

December 9, 2014

All for Capital revenue

gains & pains

industrialists queue for chandrababu naidu

Andhra Pradesh is agog with activity. Nara Chandrababu Naidu is a much sought-after Chief Minister and industrialists, business houses, especially infrastructure companies, are queuing to meet him. The reason: the new capital of Andhra Pradesh is to come up in Guntur district with the government identifying 30,000 acres across 17 villages. Approximately, Rs. 40,000 crore will be spent on the construction of the new state-of-the-art Capital. Surprisingly, most of the land has been purchased by top Congress leaders, who were part of the State reorganisation. Globally reputed firms are in the race to become the Project Advisory and Management Consultant (PAMC) that will advise and help the State government in the project. The London-based Arup Group, in consortium with the San Francisco-based Thompson Design Group, the globally known McKinsey, the joint venture of Korea Land and Housing Corporation and Yooshin Engineering Corporation (both from the Republic of Korea), the Japan-based consortium of Oriental Consultants Global and Capital Fortunes Private Limited, Hyderabad, and the Netherlands-based Royal Haskoning DHV Consulting Private Limited in consortium with Haskoning DHV Nederland BV are among the eight groups shortlisted for the PAMC project. As many as 15 companies had submitted the Expression of Interest. What will happen when 100 smart cities will be built in India, can be imagined!

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