Amaravati: The Amaravati Metro Rail Corporation (AMRC) managing director Ramakrishna Reddy has urged the government to take immediate measures for release of funds to the tune of Rs. 500 crore.
The money would be given to Krishna Collector Babu A. to pay compensation to people who stand to lose their lands to the project.
“To commence the process of land acquisition for construction of Corridor-2 of the rail project, We have to pay the amount to the land-losers,” said the Collector.
In a letter addressed to the government, the AMRC MD has stressed the need for speeding up the process since the Delhi Metro Rail Corporation (DMRC) plans to commence works on the project in January.
The DMRC has called for tenders which will be finalised on December 7. Top companies have evinced interest in the project.
The DMRC has earmarked 65.50 acres at Nidamanuru for construction of a coach depot as part of Corridor-2.
In response to a letter by the AMRC MD asking him to hand over the allocated land to the DMRC, the Collector constituted a 20-member survey team which carried out a quick survey. In his reply, the Collector asked the AMRC to deposit of sum of Rs. 500 crore to be paid to the project evacuees. He said a notification was being prepared and land acquisition would follow payment of compensation to beneficiaries.
The government, meanwhile, has allocated only Rs. 282 crore in this year’s budget for the project and Rs.220 crore more is required to go ahead with the land acquisition. It has been urged to release the funds by March.
The Metro Rail project will have two corridors—one from Penamaluru to Pandit Nehru Bus Station (PNBS) passing through Bandar Road and the other from Nidamanuru to PNBS, passing through Eluru Road.