Ltd—to develop 6.84 sq km of Amaravati’s core area. The consortium had submitted a proposal in 2015.
“I, as chairman of the CRDA (Capital Region Development Authority), cleared the proposal and sent it to the chief secretary. After eliciting legal opinion and circulating the file among the departments concerned, [I] put it up to the cabinet for final clearance,” Naidu declared on June 24 this year. Following due scrutiny by a high-powered committee, headed by state finance minister Yanamala Ramakrishnudu, the consortium’s proposal was cleared on July 4 in conformity with the AP Infrastructure Development Enabling Act (APIDEA), 2001.
The consortium was to build Amaravati in partnership with the Amaravati Development Company (ADC), a special purpose vehicle floated by the government, provided the Swiss Challenge system did not throw up a better bid. The method allows competitors to make counter-offers to a proposal by an Original Project Proponent (OPP) in a given time-frame. The best offer wins the project, the OPP having the right of first refusal. The deadline was fixed for September 1, though Naidu had told the cabinet, “we want the consortium to get cracking latest by August 15”. On August 19, Hyderabad-based Aditya Housing and Infrastructure Development Corporation, represented