The Singapore consortium, which was originally assigned to take up the construction of seed capital area in Amaravati during the earlier regime of Telugu Desam Party government headed by N Chandrababu Naidu but dropped out during the Jagan Mohan Reddy government, is all set to be back in the state capital.
The chief minister who had been to New Delhi on Friday, met external affairs minister Dr Subrahmanyam Jayashakar and made an appeal to revive the participation of Singapore in the development of Amaravati capital city,
“The Centre has agreed in principle to give clearance for Singapore to take part in the tenders for Amaravati capital works,” sources said.
In August, the Andhra Pradesh government's Capital Region Development Authority (CRDA) initiated talks with the Singapore government about developing the seed capital area in Amaravati.
In 2018, the CRDA under the TDP government signed a concession and development agreement and a shareholding agreement with a Singapore consortium comprising Ascendas Singbridge Pte Ltd and Sembcorp Development Ltd, to develop the seed capital area in Amaravati, in the name of Amaravati Start-up Area Development Project.
The start-up area encompasses a total development land area of 6.84 sq km, slated for development in three phases spanning 20 years. As soon as the YSRCP came to power in 2019, the then government had cancelled an agreement with the Singapore Consortium.
Finally, the Singaporean government, too, agreed to withdraw from the project voluntarily with some mutually agreed terms.
On November 12, 2019, following the state government's announcement to discontinue the start-up area development project, the Singaporean government also formally announced the project's closure.