Polavaram revised price: CM urges PM to prevail on Finance, Jal Shakti ministries
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Capping expenditure at 2013-14 value stage will hit undertaking execution, says Jagan
Chief Minister Y.S. Jagan Mohan Reddy has written a letter to Prime Minister Narendra Modi requesting him to prevail on the Ministries of Finance and Jal Shakti to give funding clearance for the 2nd Revised Cost Estimate (RCE) of the Polavaram undertaking as really useful by the Polavaram Project Authority (PPA), the Central Water Commission and the technical advisory and revised price committees, on the earliest to facilitate its completion by December 2021.
Mr. Jagan Mohan Reddy said {that a} additional delay would end in additional price escalation, thereby harming the nationwide pursuits, it being a nationwide undertaking. He identified that the price of Land Acquisition (LA) and Relief & Rehabilitation bundle collectively accounted for ₹28,192 crore out of the RCE of ₹47,726 crore. The revised price at 2017-18 value stage stood at roughly ₹55,657 crore.
Capping the expenditure at roughly ₹20,400 crore on the 2013-14 value stage was unrealistic and it might be in opposition to the sooner commitments of the Central authorities and the rules for nationwide tasks and in violation of the related provisions of the AP Reorganisation Act, 2014 (APRA) enacted by Parliament.
If the Centre restricted the expenditure to ₹20,400 crore, it might not be potential to meet the full price of civil works, LA and R&R. In such a case, the undertaking couldn’t be accomplished as focused.
Balance due
The Chief Minister additional mentioned the Government of Andhra Pradesh had already incurred an expenditure of ₹12,521 crore after bifurcation, together with LA and R&R. Of that quantity, ₹8,508 crore was reimbursed by the Central authorities and the stability was to be paid whereas the payments for the works executed had been pending since December 2018.
Mr. Jagan Mohan Reddy mentioned the price revision was necessitated by time overrun, inflation, introduction of recent taxes (GST) and a few Acts and guidelines, the bottom scenario which dictated the design, alignment and so forth. and varied unexpected components. “The State government is only an executing agency on behalf of the Government of India (GoI) and the overall responsibility of completing the project lies on the GoI as per the APRA,” Mr. Jagan Mohan Reddy mentioned.
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