Singapore Minister Iswaran To Visit Andhra Pradesh on May 15
Amaravati: Singapore Minister for Trade and Commerce S Iswaran is going to visit Andhra Pradesh on May 15. He is the one who took the initiative to bring in Singapore companies to help Andhra Pradesh Government in building the new capital.
The State Government has earmarked the land to be given to Singapore, and Iswaran will formally join the ground breaking ceremony to be held at the site located between Mandadam and Uddandarayunipalem villages on May 15 evening.
Iswaran will first hold talks with chief minister in Vijayawada where he will exchange a Memorandum with the Andhra Pradesh Government on building the new capital.
Iswaran took a long break to visit the State. He visited in July 2015 and later met Chief Minister N Chandrababu Naidu after the latter visited Singapore in September 2015.
In the meanwhile, the AP Government had several rounds of consultations with the Singapore Consortium to develop the new capital, Amaravati.
Even in absence, Iswaran has been associating with the government for all these days. The Singaporea��s Ascendas-Singbridge has emerged as master developer for Amaravati under Swiss Challenge mode.
The UK-based architecture a�?Foster + Partnersa�� has given the designs of the city to be built on priority. The AP Government, after dropping the Japana��s Maki Associates, has selected the Foster for the new capital designs. The designs were finalized after consultations with the locals.
The Singapore Consortium would soon take up the construction.
The Andhra Pradesh Government has also cleared the partnership proposals with Singapore taking 58 percent of the profits and leaving Andhra Pradesh with 42 per cent. The government will also spend over Rs 5,200 crore to provide infrastructure in the seed capital area where the Singaporea��s company is going to build the city.