Capital Works: AP Issues Orders for Use of Funds from World Bank and ADB
1 month, 1 week ago

Capital Works: AP Issues Orders for Use of Funds from World Bank and ADB

Deccan Chronicle  

Vijayawada: The Andhra Pradesh government on Sunday issued formal orders for use of funds provided by the World Bank and Asian Development Bank for the capital works in Amaravati. Urban development special chief secretary Anantha Ramu issued GOMs-118 on Sunday regarding the use of WB and ADB funds. AP capital region development authority commissioner Katamneni Bhaskar is likely to sign the loan agreement with the World Bank and ADB in New Delhi on Monday. “To manage the funds effectively, the government has issued orders for the establishment of a special account to receive the loan assistance in phases, based on the progress of the development and construction work,” officials stated.

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Andhra Pradesh approves Rs 24,276 crore for Amaravati infrastructure projects
6 days, 15 hours ago

Andhra Pradesh approves Rs 24,276 crore for Amaravati infrastructure projects

India Today  

The Andhra Pradesh Capital Region Development Authority, chaired by Chief Minister N Chandrababu Naidu, has approved infrastructure projects worth Rs 24,276 crore for the development of greenfield capital Amaravati, Municipal Minister P Narayana announced on Monday. "The 43rd CRDA meeting approved Rs 24,276 crore funds for the construction of trunk roads, layouts, and iconic bhavans in Amaravati capital," he stated. …

APCRDA to sign agreement with World Bank, ADB for Amaravati capital city loan
1 month, 1 week ago

APCRDA to sign agreement with World Bank, ADB for Amaravati capital city loan

Hindustan Times  

In yet another step towards construction of Andhra Pradesh capital city of Amaravati, senior officials of the AP Capital Region Development Authority on Tuesday held negotiations with the representatives of the World Bank and the Asian Development Bank in New Delhi to sign an agreement for securing a loan of US $1.786 bn for the project, people familiar with the …

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