Andhra Pradesh to Use Land Sales, Not Taxes, for Amaravati Debt
AMARAVATI: Andhra Pradesh Municipal Minister P Narayana announced on Saturday that the debts related to the greenfield capital city of Amaravati will be resolved by selling 5,000 acres of land, rather than using taxpayer funds. The minister remarked that the state has allocated 5,000 acres in Amaravati, estimating that each acre could be valued at Rs 20 crore by the time construction of the greenfield capital is finalized. “We will not utilize the taxes paid by citizens to settle Amaravati’s debts. Instead, we will clear them through the sale of 5,000 acres of land in Amaravati,” Narayana stated in an…