Chief Minister of Andhra Pradesh Chandrababu Naidu has sought an additional Rs 39000 crore to complete the Polavaram project. CM sought these funds from the Central Government. A key meeting on the issue of changing the contractor of the project was held on Wednesday at New Delhi.
Under the AP Bifurcation Act, Polavaram project is a national project and the Centre will fund its construction. The initial estimate of the project in 2004 was a mere Rs 10000 crore, but the current estimate is or the order of Rs 58000 crore.