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Banks refuse to lend loan for Amaravati ORR - Tv9

Thu, Jun 01, 2017, 09:48 AM
The banks refuse to lend loan for the proposed Outer Ring Road around the Amaravati. The TDP government sent a proposal to the central government seeking nod for construction of 186-km ORR. The centre gave permission but banks are not willing to give loans as the project was a massive one. Union Ministers Nitin Gadkari and Venkaiah Naidu held discussions on the ORR in New Delhi and have decided to consult Finance Minister Arun Jaitley for securing the loan from foreign countries with his Ministry’s permission.
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