PM Modi restarts work for Amaravati with Rs 58,000 crore projects on track

PM Modi lays foundation for Amaravati infrastructure revival with Rs 58,000 crore investment while CM Naidu announces India's first Quantum Valley to open in 2026

Giving a fresh lease of life to Andhra Pradesh’s dream capital project of Amaravati, Prime Minister Narendra Modi on Friday laid the foundation stone and inaugurated multiple development projects worth over ₹58,000 crore for the state.

 

Earlier in the day, Chief Minister Chandrababu Naidu announced that the country’s first Quantum Valley (to be a quantum computing hub), being built in Amaravati, will be inaugurated on January 1, 2026.

 

“I see Amaravati as a fulfilled dream. Amaravati is a land where tradition and development walk hand in hand,” the Prime Minister said, while launching the new projects.

 

Of the ₹58,000 crore, around ₹49,000 crore is earmarked for 74 major infrastructure projects in Amaravati.

 

 

This includes construction of the Andhra Pradesh legislative assembly, secretariat, high court, and residences for judicial officers.

 

“Today (on Friday), we have laid the foundation stone and inaugurated works worth ₹60,000 crore. These are not just concrete structures — they are a strong foundation for the aspirations of Andhra Pradesh and the vision of a developed India. The name of Indra's capital was Amaravati — Now, Amaravati is the capital of our Andhra Pradesh. This is no coincidence; I declare it a sign of good fortune and a beginning for the construction of Swarnandhra (Golden Andhra),” Modi said.

 

He added that ‘Swarnandhra’ will strengthen the vision of a Viksit Bharat (developed India).

 

“In the days to come, Amaravati will emerge as a leading city in the country in the fields of information technology, artificial intelligence, green energy, clean industries, education, and healthcare. The central government will extend full support to the state in providing necessary infrastructure and facilities to achieve this vision,” he added.

 

Modi added that as Gujarat Chief Minister, he used to closely monitor the works of Naidu in developing the IT sector in Hyderabad.

 

“I studied it through officials and understood the process, and today, I’m able to implement those learnings across the entire country. In this nation, when it comes to executing large-scale projects, completing them quickly, and ensuring top-notch quality, there is no one better than Naidu,” he said.

 

Modi had laid the foundation stone of the project way back in 2015. However, it got stuck during the Yuvajana Sramika Rythu Congress Party (YSRCP) government.

 

A senior government source told Business Standard that around ₹37,702 crore of the contracts for Amaravati’s development, out of the total estimated cost of around ₹64,910 crore in 2024, have already been awarded.

 

The Union government has committed ₹15,000 crore in financial assistance to Amaravati so far in 2024 and has facilitated support from the World Bank and the Asian Development Bank with support of $800 million each.

 

Around 25 per cent of the total ₹13,700 crore is already scheduled for advance disbursement.

 

Hudco has signed a deal to provide ₹11,000 crore loan, and discussions are in the pipeline with Germany’s KfW Development Bank for another ₹5,000 crore.

 

“Between 2009 and 2014, during the time of undivided Andhra Pradesh, the state’s railway budget didn’t even touch ₹900 crore. Today, the central government is allocating ₹9,000 crore exclusively for Andhra Pradesh,” Modi said.

 

He said, “With this increased budget, railway development in the state is expected to grow tenfold. Using these funds, we have achieved 100 per cent railway electrification across Andhra Pradesh.”

 

“Andhra Pradesh has been at the forefront of providing space power to the country for decades. Every rocket launched from Sriharikota makes millions of Indians proud. Now, we have laid the foundation stone for a new defence facility in Nagayalanka for DRDO and the Navadurga missile launching range. Like Kanakadurga, this launching range will strengthen the nation's defence. Congratulations to the scientists and the people of Andhra Pradesh for this achievement,” he added.