Business Standard

AP govt ends tie-up with Singapore consortium, scraps Amaravati project

Singapore govt says closure based on mutual consent between AP govt and Singapore Consortium, as former had "other priorities for the state"

Planners are positioning Amaravati as the blueprint (pictured) for India's next wave of urban investment, as India tries to get ahead of a wave of 300 million rural migrants the United Nations projects will hit its cities by 2050
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B Dasarath Reddy Hyderabad
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

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