The Andhra Pradesh state government, headed by CM YS Jagan Mohan Reddy, which is mostly dependent on loans, is facing a huge financial crisis. This is due to the various cash transfer schemes being introduced by Jagan in the name of ‘Navaratnalu’.
The state government is also looking for loans even to lay roads in the state. The government has directed the Department of Roads and Buildings to undertake road repairs and development works with a loan of Rs 2,205 crore through the Andhra Pradesh Road Development Corporation (APRDC).
The Roads and Buildings Department has issued orders giving administrative permission to take steps to obtain a loan to this extent. Thousands of kilometres of roads have been badly damaged by previous storms but have not yet been repaired.
Recently, the government promised to provide Rs 2,205 crore to R&B for road repairs and development. Officials say the loan process will take a long time to complete. In this context, it is doubtful when the road development work will be completed.
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