In a significant development for the Amaravati capital region, the World Bank and the Asian Development Bank (ADB) are ready to sanction an additional loan of ₹15,000 crore for its development works.
Both international financial institutions have expressed their satisfaction with the progress of the construction and development activities in Amaravati. This approval is expected to accelerate the implementation of various capital projects.
Representatives from the World Bank and ADB recently visited the capital region to inspect the ongoing works. During their visit, they assessed the execution of the development programs.
Amaravati has already secured ₹52,000 crore for its construction and development. The additional ₹15,000 crore loan will further boost the total available funds for the capital.
These new funds will be crucial for establishing infrastructure and completing various development projects in Amaravati. This will play a vital role in providing a better capital city for the people of Andhra Pradesh and Telangana.
