The Andhra Pradesh government has terminated a commercial area development project in Amaravati, the state’s new capital city in the making. It had been awarded to a consortium of Singaporean companies comprising Ascendas-Singbridge (now part of CapitaLand Group) and Sembcorp Development. The contract was awarded by the previous state government of Chandrababu Naidu.
The present government, led by the then leader of the Opposition in the Assembly, came to power earlier this year. The termination order was issued on Monday.
In 2017, the AP government and the Singapore consortium had established a multi-layered partnership structure for the development of the