Central Government Approves ₹2,800 Crores for Polavaram Project
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- | UPDATED: 8 Oct, 10:48 am IST
Central Government Approves ₹2,800 Crores for Polavaram Project
Central Government Funding: The central government has released ₹2,800 crores for the Polavaram Project.
Breakdown of Funds: This amount includes ₹800 crores for reimbursement of old bills and ₹2,000 crores as an advance for ongoing work.
First-Time Rapid Funding: Officials from the water resources department state that this is the first time the central government has made such quick positive decisions regarding funding since the project’s construction began.
Previous Funding Structure: Since 2014, the state government has been using its funds for the project, with the central government providing money in phases.
Future Budget Signals: The central government recently approved ₹6,000 crores for the current financial year and ₹6,157 crores for the next year.
Past TDP Government Initiatives: During the previous TDP government's tenure, free transportation and meals were provided for public visits to the Polavaram Project.
Pending Payments Issue: The YSRCP government has not paid contractors for expenses incurred between December 2018 and March 2019, leading them to approach the High Court.
Court's Ruling on Payments: The court ordered payment with a 12% interest rate.
Recent Approval for Funds: The water resources department has recently approved the release of ₹23.11 crores in total funds.

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