15.09.18 Andhra Pradesh (APPSC) Daily Current

ANDHRA PRADESH

  • APPCB to grant ₹200 crore loan for Masula port

 

  • The Andhra Pradesh Pollution Control Board has been directed to grant an advance loan to the tune of ₹200 crore to the Machilipatnam Urban Development Authority for gathering land for the proposed deep sea port.

 

  • The MUDA will receive the grant through the Municipal Administration and Urban Development Ministry.

 

  • The process of obtaining a loan of ₹1,385 crore is in progress for both the port and industrial corridor projects. The advance loan will be returned to the APPCB once the loan is obtained from the banks

 

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