According to the ysr congress Party (YSRCP) government's three-capital proposal, Visakhapatnam in north coastal Andhra will be developed as the administrative capital, kurnool in the rayalaseema area as the judicial capital, and amaravati in south coastal Andhra as the legislative capital. According to jagan, merely building Amaravati's essential infrastructure—such as its roads, sewers, and power supply—would cost Rs 1.05 lakh crore. On the other hand, he claimed that Visakhapatnam will just require spending Rs 10,000 crore because it already has the most fundamental infrastructure.
The chief minister said the state was not even able to invest Rs 1,000 crore or Rs 2,000 crore each year on capital works to explain why he thought Amaravati's growth was like chasing dreams. At this pace, he claimed, the capital city would take 100 years to construct, and due to inflation, the price would rise to Rs. 20 lakh crore or Rs. 30 lakh crore. He said that a state that still has 80% of its citizens using white ration cards could never raise such a large sum of money. In a dig at his predecessor N. chandrababu naidu, jagan claimed that the previous administration was limited to graphics.
According to him, Section 420 of the indian Penal Code should be used to prosecute individuals who defrauded people by instilling false hopes in the name of amaravati development. Additionally, he refuted the claim that amaravati may be transformed into a capital city using a self-financing model and made note of the fact that only 4,997 acres of land were up for grabs. The chief minister recalled that the chandrababu naidu administration had ordered that 5,020 acres of land be made available for commercial exploitation in february 2019. "To raise the Rs 1 lakh crore needed solely for the construction of basic infrastructure, we must now sell each acre for Rs 20 crore. Given that the land did not sell for such a high price, how could the project be self-financing? "He queried.
The chief minister said the state was not even able to invest Rs 1,000 crore or Rs 2,000 crore each year on capital works to explain why he thought Amaravati's growth was like chasing dreams. At this pace, he claimed, the capital city would take 100 years to construct, and due to inflation, the price would rise to Rs. 20 lakh crore or Rs. 30 lakh crore. He said that a state that still has 80% of its citizens using white ration cards could never raise such a large sum of money. In a dig at his predecessor N. chandrababu naidu, jagan claimed that the previous administration was limited to graphics.
According to him, Section 420 of the indian Penal Code should be used to prosecute individuals who defrauded people by instilling false hopes in the name of amaravati development. Additionally, he refuted the claim that amaravati may be transformed into a capital city using a self-financing model and made note of the fact that only 4,997 acres of land were up for grabs. The chief minister recalled that the chandrababu naidu administration had ordered that 5,020 acres of land be made available for commercial exploitation in february 2019. "To raise the Rs 1 lakh crore needed solely for the construction of basic infrastructure, we must now sell each acre for Rs 20 crore. Given that the land did not sell for such a high price, how could the project be self-financing? "He queried.
