Special purpose vehicle soon to implement Polavaram project.

The Central Government will create a special purpose vehicle to implement the Rs. 20,000-crore Polavaram multi-purpose project resolving various issues related to it, according to Jairam Ramesh, Union Rural Development Minister.

Of the total investment on this national project, the Centre will provide Rs. 18,000 crore (90 per cent) of the project cost and expedite its implementation by resolving submergence issues and inter-State disputes, he said.

'The Central Government will take upon it and execute the project and shall be responsible for all clearances and rehabilitation and settlement. It will also take care of measures to ensure that the submergence of villages, which will now be shifted to Seemandhra region, will be compensated and addressed,' he said.

HBL