CRDA to release Amaravati bonds soon

Amaravati: The AP CRDA will release Amaravati Bonds very soon, the  officials have informed to Chief Minister Nara Chandrababu Naidu at a review meeting on the progress various projects under the CRDA. 

The review meeting was held at Secretariat here on Friday, where they informed that the bonds will be released with an estimated interest of 10.3 per cent per annum. The officials informed to the Chief Minister that all set to list them in the Bombay Stock Exchange by the end of this month.

While reviewing the progress of construction of Houses for AIS (All India Service) officials, Secretariat staff and Ministers, Chandrababu Naidu said that the apartments of IAS officials and others should be completed by the end of December. He directed the officials to allot one tower for High Court Judges, out of the six towers allotted to the officials.

At the meeting, the officials from the Shapoor Ji and NCC companies explained the progress of the construction of houses to the Chief Minister. Chandrababu Naidu accepted the proposal to take the capital region farmers for Singapore tour.

To ease the procedure of registrations for capital farmers, Chief Minister directed officials to appoint another Deputy Collector. He directed the officials to release a report on the progress of the Capital City works every month as “Monthly Reports” to the public. He said that this will give confidence among the donors who have been donating money for construction of capital city.