VIJAYAWADA: The CRDA has reportedly changed its mind over the twin towers proposals. After having internal discussions with their consultants McKinsey, the CRDA authorities have reportedly arrived at a decision to place the issue before the CMO. It is also learnt that the NRI has conveyed his decision of going back from his proposal, if it is not addressed within a month.
Meanwhile, it is learnt that principal secretary (CRDA) Ajay Jain has sought the details of the project and also reportedly enquired with the CRDA officials as to why the delay is taking place when the proposals are placed some three months ago. The NRI entrepreneur Dasari Radhakrishna has reportedly conveyed his decision that in case of further delay, he has to think about executing the project. Unable to convince the McKinsey consultants, the CRDA officials have taken a decision to send back the proposal to the Chief Minister’s Office (CMO) after a report appeared in these columns.
In fact, the NRI had a dialogue with the CRDA commissioner Dr Cherukuri Sreedhar in the presence of chief secretary S.P. Tucker three months back, and later he met the commissioner again to peruse the proposal. Since the CRDA has McKinsey as its consultant, the proposal was placed before the McKinsey. This has taken place two months ago and since then McKinsey has not taken a final call on the proposal.
Meanwhile, the NRI has approached the aviation and fire safety organisations in New Delhi and Chennai, to get the clearances required and has made arrangement to pay a fee of around Rs 20 crore. The NRI has placed request for land in non-seed area in Venkatayapalem under capital region, for 15 acres, and has informed the government that he has a capital of Rs 450 crore with him.
He also made it clear in his proposal that he would pay the land cost as per the price fixed by the Government and further clarified that he would be ready to forfeit the project, in case the project is not initiated before the said period. It is learnt that the McKinsey has reportedly insisted the NRI to get the Detailed Project Report (DPR) done by them, for which he has refused.
