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Delay in Polavaram project led to ₹10K cr loss: Naidu
The Morning Standard
|December 17, 2024
CM says construction of new D-Wall will start on January 2, 2025
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, Chief Minister N Chandrababu Naidu said on Monday.
If the probable gains from the project were calculated, losses would be immeasurable, he added. Addressing media persons after reviewing progress of works at the Polavaram project site, Naidu explained that construction of the new D-Wall will commence on January 2, 2025 with an estimated cost of ₹990 crore.
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