Andhra, HUDCO enter into ₹11,000 crore loan deal for Amaravati construction
1 week, 4 days ago

Andhra, HUDCO enter into ₹11,000 crore loan deal for Amaravati construction

Hindustan Times  

Amaravati, March 16 Andhra Pradesh's Capital Region Development Authority and HUDCO inked a ₹11,000 crore loan agreement on Sunday for the construction of the greenfield capital city, Amaravati, Government sources said. Andhra Pradesh's Capital Region Development Authority and HUDCO inked a ₹ 11,000 cr loan agreement for the construction of Amaravati, government sources said. "HUDCO and CRDA entered into the agreement in the presence of Chief Minister Chandrababu Naidu. As per this deal, HUDCO will extend a loan of ₹11,000 crore for the capital construction," said a press release.

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History of this topic

Minister Narayana inspects Amaravati Capital construction, assures completion without burdening public
2 days, 11 hours ago

Minister Narayana inspects Amaravati Capital construction, assures completion without burdening public

The Hindu  

Minister for Municipal Administration and Urban Development P. Narayana visited Amaravati on Tuesday to review the progress of various capital city projects. During his inspection, he examined the construction of bungalows for secretaries and chief secretary, as well as the Andhra Pradesh Capital Region Development Authority project office. Addressing the media on this occasion, Minister Narayana said the capital construction …

HUDCO extends ₹11,000 crore loan to CRDA for construction of Andhra state capital Amaravati
1 week, 4 days ago

HUDCO extends ₹11,000 crore loan to CRDA for construction of Andhra state capital Amaravati

Op India  

In a significant development, the Housing and Urban Development Corporation has extended a massive Rs 11,000 crore loan to the Capital Region Development Authority for the construction of Amaravati, the state capital of Andhra Pradesh, said the official statement. This agreement was signed in the presence of Chief Minister Nara Chandrababu Naidu at his residence in Undavalli and was attended …

Loan pact signed between HUDCO and CRDA for capital Amaravati construction
1 week, 4 days ago

Loan pact signed between HUDCO and CRDA for capital Amaravati construction

Deccan Chronicle  

A landmark loan agreement was signed between the Housing and Urban Development Corporation and the Capital Region Development Authority in the presence of Chief Minister Chandrababu Naidu on Sunday. The event was attended by urban development minister P Narayana, HUDCO chairman and MD Sanjay Kulshreshtha and officials from the municipal administration department. Narayana said, "As per this deal, HUDCO will …

Amaravati to be built in 5,000 acres with Rs. 64,000 crore: MA&UD Minister
3 weeks, 1 day ago

Amaravati to be built in 5,000 acres with Rs. 64,000 crore: MA&UD Minister

The Hindu  

Amaravati is being built in 5,000-acre land with an estimated budget of ₹64,000 crore and not even a single money from the taxes paid by the people is being spent for the construction of the world-class capital city, said MA&UD Minister Ponguru Narayana at a review meeting in the Nellore Collectorate on Wednesday. Mr. Narayana said that Chief Minister Nara …

Govt. accords administrative sanction to 20 engineering works costing ₹11,468 crore in Amaravati
2 months, 2 weeks ago

Govt. accords administrative sanction to 20 engineering works costing ₹11,468 crore in Amaravati

The Hindu  

The Government of Andhra Pradesh on January 8, 2025 accorded administrative sanction to 20 engineering works in the capital city Amaravati valued at ₹11,468 crore. The CRDA had so far approved capital works costing approximately ₹50,000 crore and it was in the process of mobilising funds from the World Bank, Asian Development Bank, HUDCO and other lending agencies. had been …

Andhra govt to complete 1.8 lakh TIDCO houses by June 12 to mark first anniversary
3 months ago

Andhra govt to complete 1.8 lakh TIDCO houses by June 12 to mark first anniversary

New Indian Express  

VIJAYAWADA: As many as 1.18 lakh Township and Infrastructure Development Corporation houses will be completed by June 12 next year to mark one year governance of the TDP-led NDA government, asserted Municipal Administration and Urban Development Minister Dr P Narayana. During the review meeting which focused on the measures to expedite the completion of TIDCO houses, Chief Minister N Chandrababu …

Andhra Pradesh CRDA approves additional capital works in Amaravati costing ₹2,723 crore
3 months ago

Andhra Pradesh CRDA approves additional capital works in Amaravati costing ₹2,723 crore

The Hindu  

The Andhra Pradesh Capital Region Development Authority approved various building and infrastructure works in Amaravati costing about ₹2,723 crore in its 44th meeting held on Monday Briefing media persons about it, Municipal Administration Minister P. Narayana said that while focussing on transforming Amaravati into a vibrant capital city of global standards, the government was preparing plans to develop all the …

World Bank approves USD 800 mn loan for Amaravati construction
3 months, 1 week ago

World Bank approves USD 800 mn loan for Amaravati construction

Deccan Chronicle  

Amaravati: The World Bank's Board of Executive Directors has approved USD 800 million Amaravati Integrated Urban Development Program for building Andhra Pradesh's greenfield capital city Amaravati, the international development said on Friday. "The World Bank's Board of Executive Directors yesterday approved the USD 800 million Amaravati Integrated Urban Development Program aimed at establishing the city as a well-managed, climate-resilient growth …

Amaravati development: World Bank approves $800 million loan
3 months, 1 week ago

Amaravati development: World Bank approves $800 million loan

The Hindu  

In a major boost to the development of Amaravati, the greenfield capital city of Andhra Pradesh, the World Bank on Thursday approved the $800 million loan for the Amaravati Integrated Urban Development Program. approves works worth ₹24,276 crore in capital city of Amaravati Tano Kouame, the WB’s Country Director for India, stated that with its urban population expected to double …

Andhra capital Amaravati gets World Bank approval for USD 800 million loan
3 months, 1 week ago

Andhra capital Amaravati gets World Bank approval for USD 800 million loan

India Today  

The World Bank has given the green light to fund the development of Amaravati, Andhra Pradesh’s new capital city. The USD 800 million loan, approved on Thursday in Washington, will help establish Amaravati as a major economic centre in the state. “The World Bank’s Board of Executive Directors yesterday approved the USD 800 million Amaravati Integrated Urban Development Program aimed …

Andhra Pradesh approves Rs 24,276 crore for Amaravati infrastructure projects
3 months, 1 week 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. …

Andhra government approves Amaravathi development works worth Rs 8,821 crore
3 months, 2 weeks ago

Andhra government approves Amaravathi development works worth Rs 8,821 crore

India Today  

The TDP-led government in Andhra Pradesh on Tuesday approved development works worth Rs 8,821.44 crore for the capital city of Amaravathi. He also said that the CRDA, at its previous meetings, approved works worth Rs 11,471 crore, which has now increased to Rs 20,292.46 crore following Tuesday's meeting. Pointing out that tenders had been called for works worth Rs 41,000 …

AP Govt Approves Rs. 11,467 Crore for Amaravati Capital Works
3 months, 2 weeks ago

AP Govt Approves Rs. 11,467 Crore for Amaravati Capital Works

Deccan Chronicle  

Vijayawada: The state government has issued orders for works that would be undertaken in the Capital Amaravati. The CM approved a fund of Rs 8821.44 crore for various projects in Amaravati and instructed the CRDA to complete the works according to schedules. Urban development minister P Narayana said, “We have called tenders for Rs 41,000 crore works between 2014-19 and …

London architects to design Amaravati towers
4 months ago

London architects to design Amaravati towers

Hindustan Times  

London-based architects Norman Foster and Partners is back into action in the Andhra Pradesh capital of Amaravati by bagging the contract for designing the new government complex, which forms the central focus of the 217-sqkm capital city, officials aware of the matter said on Tuesday. London architects to design Amaravati towers The AP Capital Region Development Authority approved the tenders …

BDA to take ₹27,000 crore loan from HUDCO for the Peripheral Ring Road project
4 months, 1 week ago

BDA to take ₹27,000 crore loan from HUDCO for the Peripheral Ring Road project

The Hindu  

The Bangalore Development Authority has decided to take a loan of ₹27,000 crore from Housing and Urban Development Corporation Limited, a union government PSU for the Peripheral Ring Road project. “The BDA will negotiate with the HUDCO to reduce the interest rate a little,” said an official. The official said the BDA will be acquiring land and compensation will be …

Andhra Pradesh: TIDCO Housing Issues to Be Solved Soon, Says Minister
4 months, 1 week ago

Andhra Pradesh: TIDCO Housing Issues to Be Solved Soon, Says Minister

Deccan Chronicle  

Vijayawada: Municipal Administration P. Narayana has promised to resolve the issues of TIDCO houses and their beneficiaries soon. Replying to questions from Tirumala Naidu and Duvvarapu Rama Rao in the legislative council here on Wednesday, the minister said the previous government had raised loans of Rs 5,546.48 crore from various agencies. But it reduced the number for construction of TIDCO …

Narayana announces probe into TIDCO irregularities
4 months, 1 week ago

Narayana announces probe into TIDCO irregularities

Deccan Chronicle  

Vijayawada:Municipal administration minister P. Narayana announced in the State Legislative Assembly that the AP government will order an investigation into the irregularities in TIDCO housing committed during the previous YSRC regime. Narayana explained that under the leadership of Chief Minister N. Chandrababu Naidu, significant efforts are being made to provide homes to the underprivileged by designing housing projects as per …

APCRDA to sign agreement with World Bank, ADB for Amaravati capital city loan
4 months, 2 weeks 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 …

Amaravati Project to Launch in December
7 months ago

Amaravati Project to Launch in December

Deccan Chronicle  

Vijayawada: Municipal administration and urban development minister Ponguru Narayana on Saturday indicated that construction work at the new capital Amaravati is likely to start from December 1. He disclosed that Chief Minister Nara Chandrababu Naidu is keen on completing the Amaravati capital project within four years.“We are proceeding with our plans keeping this target,” Narayana said. CREDAI Andhra Pradesh chairman …

HUDCO agrees to lend money for Telangana housing scheme
7 months, 1 week ago

HUDCO agrees to lend money for Telangana housing scheme

New Indian Express  

HYDERABAD: Housing and Urban Development Corporation has in-principal agreed to extend its assistance, in the form of loan, for construction of houses under Indiramma Housing Scheme in Telangana. Sources said that the state government sought Rs 8,000 crore loan from HUDCO for implementation of the housing scheme. It may be recalled that the state government has launched Indiramma Housing Scheme …

HUDCO aims ₹3 trillion loan book by 2030; eyes PPP infra financing
7 months, 2 weeks ago

HUDCO aims ₹3 trillion loan book by 2030; eyes PPP infra financing

Live Mint  

New Delhi: State-run Housing & Urban Development Corporation is looking to increase its lending nearly 200% to ₹3 trillion by the end of this decade to meet an expected demand for affordable housing and infrastructure financing, chairman and managing director Sanjay Kulshrestha said. HUDCO is studying PPP models for infrastructure financing and is also undertaking a recruitment process for employees …

Budget 2024: ₹15,000 crore financial package to develop Andhra Pradesh’s capital city Amaravati
8 months ago

Budget 2024: ₹15,000 crore financial package to develop Andhra Pradesh’s capital city Amaravati

Hindustan Times  

Presenting her seventh consecutive Budget, Union Finance Minister Nirmala Sitharaman on July 23 announced a special financial support package of ₹15,000 crore for development of Andhra Pradesh’s new capital city during the financial year 2024-25. Presenting the Union Budget 2024-25, FM Nirmala Sitharaman announced a ₹ 15,000 crore financial package for development of Andhra Pradesh's new capital city Amaravati “Recognizing …

Andhra Pradesh: Present facts on TIDCO houses and nail Opposition’s misinformation campaign, Jagan tells officials
1 year, 11 months ago

Andhra Pradesh: Present facts on TIDCO houses and nail Opposition’s misinformation campaign, Jagan tells officials

The Hindu  

Jagan Mohan Reddy has directed the Housing Department officials to “nail the Opposition’s prevarication campaign on the TIDCO houses.” “Send across a message to the people that the State government has spent over ₹21,000 crore so far on construction of the houses,” Mr. Jagan Mohan Reddy said at a review meeting held at his camp office, near here, on April …

Need 60 months for developing capital infra: AP to HC
2 years, 11 months ago

Need 60 months for developing capital infra: AP to HC

Deccan Chronicle  

VIJAYAWADA: The Andhra Pradesh government informed the High Court that it required 60 months to develop infrastructure and complete construction of buildings for the capital city Amaravati. Chief Secretary Sameer Sharma filed a 190-page affidavit in the High Court on Saturday stating that as the workers from the Amaravati region left the place, it would take two months to bring …

New Development Bank to provide Rs 6,000 crore loan to Andhra
5 years, 6 months ago

New Development Bank to provide Rs 6,000 crore loan to Andhra

India TV News  

The New Development Bank is ready to sanction a Rs 6,000 crore loan to Andhra Pradesh. NDB Vice President N. Jong and Project Head Ninad Rajpurkar on Thursday met Chief Minister Y.S. Reddy sought more assistance from the NDB to enable the state to complete its prestigious projects including infrastructure development, the building of schools, hospitals and supply of clean …

Who will fund the Amaravati capital city project now?
5 years, 8 months ago

Who will fund the Amaravati capital city project now?

Live Mint  

With both the World Bank and Asian Infrastructure Investment Bank deciding to not fund the Amaravati capital city project in Andhra Pradesh, all eyes are on the state government as to how it will raise more funds for the same. The World Bank released a statement last week, clarifying that it took the decision based on the Government of India …

Andhra Pradesh plans Rs51,000 crore capex in 1st phase of Amaravati project
6 years, 10 months ago

Andhra Pradesh plans Rs51,000 crore capex in 1st phase of Amaravati project

Live Mint  

Mumbai: The Andhra Pradesh government plans to incur a capital expenditure of Rs51,208 crore on the first phase of development of its capital city Amaravati, senior state government officials said on Thursday. The officials, including Andhra Pradesh Planning Board vice-chairman C. Kutumba Rao, were in the country’s financial capital to invite participation from top financial institutions in its Rs2,000 crore …

Andhra Pradesh asks World Bank for Rs 6,600 crore loan to build Amaravati
8 years, 11 months ago

Andhra Pradesh asks World Bank for Rs 6,600 crore loan to build Amaravati

Deccan Chronicle  

Hyderabad: The AP government has approached the World Bank for a loan of Rs 6,600 crore for construction of the new capital city of Amaravati. The Centre has accepted the state government’s request for World Bank assistance, having recently sent it a No Objection letter regarding this. He said that HUDCO had agreed to the state government’s proposals, seeking a …

HUDCO sanctions Rs.837.6 crore for roads in Bengal - IndiaTV News
10 years, 1 month ago

HUDCO sanctions Rs.837.6 crore for roads in Bengal - IndiaTV News

India TV News  

Kolkata: Centre-owned infrastructure finance company Housing and Urban Development Corporation Ltd. Saturday said it has sanctioned Rs.837.60 crore to West Bengal for developing two road projects. The company said it has also sanctioned Rs.1.5 crore for developing five model villages and slum-areas in the state to promote the "comprehensive development of human settlements". "In West Bengal, HUDCO has supported 48 …

HUDCO launches tax-free bonds issue, plans to raise Rs 5K cr
12 years, 2 months ago

HUDCO launches tax-free bonds issue, plans to raise Rs 5K cr

India TV News  

New Delhi, Jan 9: Housing and Urban Development Corporation today launched its public issue of tax- free bonds, through which it aims to raise up to Rs 5,000 crore for lending to low-cost housing and urban infrastructure projects. For retail investors, the bond issue carries a coupon rate of 8.01% per annum for 15 years maturity period and 7.84% for …

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