AP govt forms panel to study Swiss model for Amaravati’s development

Andhra Pradesh government today formed a high powered committee to study the contended Swiss Challenge model for the development of Amaravati. As the top bureaucrats of the state opposing the Swiss Challenge model and also given the objections reportedly raised by the Centre, the TDP Government constituted the 10-members committee to  address, identify and resolve the issues relating to the proposal with the original project proposal. The Committee is headed by Yanamala Ramakrishnudu (State Finance Minister) state government has already signed a MoU with a Singapore companies 'Ascendas-Singbridge and Sembcorp Development Ltd' for development of the 'core capital area' in 8 sq km (about 2,000 acres).