Chandrababu Naidu said that the state had submitted a revised estimate for the Polavaram irrigation project pegging the cost at over Rs 58,000 crore.
The earlier estimate as per 2010-11 price level put the cost at over Rs 16,000 crore, according to an official statement.
Talking to reporters after meeting several Union ministers here, Naidu said the state had sent a revised estimate for the project and that it had been pending with the Central Water Commission.
The revised estimate as per 2013-14 price level put the cost at Rs 58,319 crore, according to the statement.
“It is our dream project and Finance Minister Arun Jaitley has also agreed to release project dues of around Rs 2,800 crore to the state at the earliest,” he said.