Amravati is a project taken by Andhra pradesh State of the India, to make a capital city from scratch.
Foundation stone for his project was laud by India's PM Narendra Modi in 2015.
1st phase of the project has to be completed by 2020.
Over 38000 acers of agricultural land is to be used in this project to build the capital city.
The concept of building this city was result of formation of new state Telangana, which was earlier a part of Andhra Pradesh. This project aimed to settle 3.5 million people in the city by 2025.
This project was to recieve and amount of $300 million form World Bank and $200 million form Asian Development Bank
Recently the World bank decided to withdrew from the project, reason for this pullout was a number of complaints that World Bank received from Public Movements, different Civil Organisation, affected Communities and most importantly project accountability.
After World Bank withdrawl from project that ADB has put the project on review and now they too decided to pull out from the project.
When contacted, AIIB spokesperson Laurel Ostfield said, “ AIIB is no longer considering theAmaravati Sustainable Infrastructure and Institutional Development Project for funding,"
Read more here
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It is really an ambetious project however it is also causing damage to enviroment and it shouldnot be neglected, 38000 acres of land, its a lot
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And for the same and money management reasons, world bank pulled out its support
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