Wed, Dec 07, 2016, 08:07 AM
AP government is planning to raise funds by issuing bonds for the construction of capital city Amaravati. It wants to open tenders received from banks on December 9. The CRDA officials are estimating that Rs 58,000 crore is needed for developing capital as blue and green city. The government wants to procure funds through bonds apart from loans from international agencies. It is determined to complete majority construction of capital city in next three years by spending 70 per cent of funds.