Amaravati, Sep 12 (NationPress) The Chief Minister of Andhra Pradesh, N. Chandrababu Naidu, announced on Friday that the extensive development projects in the state capital, Amaravati, are projected to be finalized within three years.

He revealed that the initiatives, funded with an investment of ₹50,000 crore, are expected to be completed by 2028. The Chief Minister noted that Prime Minister Narendra Modi, who laid the foundation for these infrastructure projects in May of this year, will be the one to inaugurate the state capital.

During a media conference held in Mangalagiri, he reassured farmers from Amaravati, who contributed their lands for the city's development, that they will not incur any losses and that Amaravati is set to evolve into an international metropolis.

Pointing to the transformation of Hyderabad, the Chief Minister illustrated that prior to the establishment of HITEC City, land prices were ₹1 lakh per acre, but now they soar to ₹100 crore per acre.

He defended the strategy to acquire additional land necessary for the state's capital development, emphasizing that without it, Amaravati risks remaining a mere municipality. Sufficient land is crucial for establishing international firms, including quantum computing subsidiaries and global educational institutions, he stated.

Moreover, the Chief Minister expressed confidence that the Polavaram project will see completion by December 2027.

Highlighting the importance of a clear vision for state development, Chandrababu Naidu mentioned that the government is implementing the Swarnandhra Vision 2047 strategy, which aims to benefit future generations and position the state at the forefront over the next 22 years.

He remarked on India's continuous economic growth, attributing it to the reforms initiated by former Prime Minister PV Narasimha Rao.

The Chief Minister mentioned that the NDA government aims for a per capita income of ₹5,42,985 by 2028-29 and ₹10.55 lakh by 2029-34.

In response to the YCR Congress Party's misleading claims regarding medical colleges, the Chief Minister assured that there are no plans to transfer these colleges to private entities. Instead, the government intends to develop them through a PPP model for the benefit of students and to enhance healthcare services.

Referring to the Polavaram-Banakacharla link canal, he noted that the Rayalaseema region has seen significant changes with the activation of the Handri-Neeva project, enabling Anantapur district to lead in GSDP compared to the Godavari districts, largely due to horticulture initiatives.

He emphasized that the government proposed the Banakacharla project to make productive use of the excess water from the Godavari river, which was otherwise flowing waste into the sea. This linking initiative is expected to greatly benefit farmers.