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Perks for AP, key projects on course
The Morning Standard
|February 02, 2025
WHILE Andhra Pradesh was not specifically mentioned in Finance Minister Nirmala Sitharaman's Budget speech, a closer look at the document revealed that the Centre has allocated funds for several key projects in the State, including the Polavaram Irrigation Project, Visakhapatnam Steel Plant, and Visakhapatnam Port.
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A total of ₹5,936 crore has been earmarked for the Polavaram project, ₹3,295 crore for the Visakhapatnam Steel Plant (VSP), and ₹730 crore for Vizag Port.
Additionally, ₹55 crore has been allocated for the Polavaram Project Authority, with an extra ₹12,157 crore as a balance grant for construction of the project.
The budget has also made provisions for investment in the equity share capital of Rashtriya Ispat Nigam Limited, the corporate entity of VSP.
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