Global tenders soon to select master developer for new AP capital.

The Andhra Pradesh Government plans to float global tenders to select the master developer for the new capital city of Amaravathi on the banks of the river Krishna in the Vijayawada-Guntur region.

The Cabinet has agreed to select the developer through the Swiss Challenge method.

In the Swiss Challenge, a developer is asked to come up with a proposal for the plan or project. Then others who are interested would be allowed to present their plan.

If the new developer comes up with a proposal lower then the earlier one, the earlier developer would be given a chance to match that offer. If he does it, he would be awarded it. If not, the latter would be given the mandate.

In the past, the State had tried this during the stake sale taken up by the Implementation Secretariat while divestment process in State-owned public sector undertakings. A similar approach is planned now.

HBL