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Delay in Polavaram project resulted in over ₹10,000 cr loss: Naidu
The New Indian Express Hyderabad
|December 17, 2024
Construction of new D-Wall to start on Jan 2, 2025 with an estimated ₹990 crore, says CM
DELAY in the execution of works for the Polavaram Irrigation project over the last five years has resulted in measurable losses to the tune of ₹10,000 crore to ₹15,000 crore, including additional cost of ₹2,400 crore for the construction of a new diaphragm wall and other elements, ₹3,000 crore for the power project, and ₹3,000 crore due to price escalation, Andhra Pradesh Chief Minister N Chandrababu Naidu said on Monday.
If the probable gains from the project were calculated, losses would be immeasurable, he added.
This story is from the December 17, 2024 edition of The New Indian Express Hyderabad.
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