Amaravati: The Andhra Pradesh government has decided to clear pending bills of contactor amounting upto Rs 400 crore for the works they executed since 2014, said a government source.
Contractors who executed works between 2014 and 2019, with project value below Rs 5 crore, will now receive payments, ending years of financial uncertainty and hardship, the source said on Tuesday.
“The Andhra Pradesh Finance Department is clearing pending bills for small contractors, providing long-awaited financial relief…” the source told PTI.
Chief Minister N. Chandrababu Naidu has reportedly instructed the Finance Department to expedite the process in time for the festive season. Officials in the CMO say that the funds will be credited directly to the contractors’ bank accounts in a couple of days.
The relief is specifically extended to contractors who executed works up to Rs 5 lakh, with dues pending since 2014.
According to the source, the TDP-led government has already cleared pending bills in multiple tranches.
