Amaravati

Andhra extends govt guarantee for ₹7,500 cr Amaravati infrastructure loan

Andhra Pradesh has extended a government guarantee and a letter of comfort to the Capital Region Development Authority for availing a Rs 7,500 crore loan to develop the greenfield capital city of Amaravati, said an official. S Suresh Kumar, principal secretary, Municipal Administration and Urban Development, said the guarantee and the letter of comfort for the loan from the National Bank for Financing Infrastructure and Development (NaBFID) came with conditions such as the Capital Region Development Authority (CRDA) meeting the debt servicing obligations from its own resources and others. "The government after careful examination of the proposal, hereby agree for providing Government Guarantee and Letter of Comfort for NaBFID loan amount of Rs 7,500 crore," said Kumar in a government order (GO) on Friday. Spanning the entire tenure of the loan period, he said the guarantee extends to the principal and interest part as well. The government guarantee shall come into force only in the

World Bank to release another $200 mn for Amaravati capital project by Dec

The World Bank, which has pledged USD 800 million for the Amaravati Capital Phase-I development, is expected to disburse the second tranche of USD 200 million by the end of this year, a senior official of the Andhra Pradesh government said on Thursday. The World Bank and Asian Development Bank (ADB) have each committed to fund USD 800 million, totalling 1600 million (Rs 13,600 crore), for Amaravati capital city phase-I development. Additionally, the Centre will fund Rs 1400 crore, out of the Rs 15,000 crore committed by it for Phase-I of the development. As part of its commitment, the World Bank has already released USD 207 million, of which nearly 50 per cent was spent on various works, S Suresh Kumar, Principal Secretary ( Municipal Administration and Urban Development) said. Almost about, I think around Rs 1800 crore or something they have released already. So out of that I think we have, I think only about less than 50 per cent only we have spent till now. I think before Decembe

Andhra Pradesh CRDA proposes projects worth ₹81,317 crore for Amaravati

The Andhra Pradesh Capital Region Development Authority (CRDA) has proposed works worth Rs 81,317 crore for the greenfield capital city of Amaravati, with tenders already issued for projects valued at Rs 50,552 crore. Chief Minister N Chandrababu Naidu reviewed the progress of Amaravati's construction at the Secretariat, in a meeting attended by Municipal Minister P. Narayana, senior officials, and contractors. CRDA has proposed works worth a total of Rs 81,317 crore for the construction of the capital city. Currently, it called tenders for projects worth Rs 50,552 crore, said an official press release. Officials informed the CM that construction work has commenced on 74 projects, covering housing, public buildings, roads, ducts, flood control measures, and other infrastructure. The TDP supremo instructed officials to complete Amaravati construction work six months ahead of the schedule. He reviewed the progress of infrastructure development in areas under the LPS (land pooling ..

Andhra CM meets Sitharaman; seeks Rs 10,000 cr support for various projects

Andhra Pradesh Chief Minister N Chandrababu Naidu on Wednesday met Union Finance Minister Nirmala Sitharaman and sought additional financial support of Rs 10,000 crore for various projects. On his second day of the visit, the Telugu Desam Party (TDP) chief -- a key NDA ally -- highlighted that the state is still facing a deficit of financial resources due to bifurcation, an official release said. Naidu requested the central government to grant an additional allocation of Rs 10,000 crore under the Special Assistance to States for Capital Investment (SASCI) scheme for 2025-26. He sought the release of the second tranche of funds as a grant to Amaravati capital, and appealed to the Union Minister to make up for the revenue deficit faced by the state under the 16th Finance Commission. He submitted a memorandum requesting financial support for various state projects. The chief minister informed Sitharaman that the construction of Amaravati requires a total of Rs 79,280 crore, with work

SC grants bail to Andhra Pradesh journalist in offensive remarks case

The Supreme Court on Friday granted bail to senior journalist Kommineni Srinivasa Rao, whom the Andhra Pradesh Police arrested for allegedly making disparaging remarks against greenfield capital city Amaravati on his live show. The top court passed the order on Rao's plea challenging his arrest. A partial working day bench of Justices Prashant Kumar Mishra and Manmohan directed the release of 70-year-old Rao, who was arrested on June 9, noting that he did not make the statement on his show and it was one of the panellists who made the alleged derogatory remarks. Questioning the Andhra Pradesh government over the arrest, the bench said it was necessary that Rao's journalistic rights and his fundamental right to freedom of speech were protected. "The petitioner himself did not make the statement on the live TV show and his journalistic rights need to be protected so that his freedom of speech is also protected. We direct that the petitioner be released in the FIR subject to condition

Andhra Pradesh Cabinet approves establishment of state Quantum Mission

The Cabinet cleared the Quantum Mission proposed by the IT Department; a Quantum Valley will be developed in Amaravati with 50 acres earmarked for infrastructure

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

A dream taking shape: PM Modi launches projects worth ₹58k cr in Amaravati

The projects unveiled for the greenfield city of Amaravati include flood mitigation infra, road networks, and construction of key buildings such as the Assembly, secretariat, and High Courts

PM Modi lays foundation, inaugurates projects worth Rs 58,000 cr in Andhra

Prime Minister Narendra Modi on Friday inaugurated and laid the foundation for projects worth Rs 58,000 crore here, which also included relaunching the construction of the greenfield capital city of Amaravati , which is Andhra Pradesh Chief Minister N Chandrababu Naidu's 'dream project'. The Prime Minister inaugurated and laid the foundation for 94 projects, which included capital city institutions, national highways, railway upgrades and defence-related installations. As part of resuming the construction of Amaravati, the PM laid foundation for 74 projects worth Rs 49,000 crore, which encompassed the construction of the Assembly, Secretariat and High Court buildings and judicial residential quarters, along with housing buildings for 5,200 families. He laid foundations for infrastructure and flood mitigation projects featuring a 320 km long world-class transport network with underground utilities and advanced flood management systems in the greenfield capital city. The land pooling

Elaborate arrangements in place for PM Modi's Amaravati visit on May 2

According to a press release, Andhra Pradesh Chief Secretary K Vijayanand reviewed the arrangements for the Prime Minister's visit with the officials at the CS camp office in Vijayawada on Monday

Amaravati set to become world's first fully renewable-powered city

Amaravati, the planned capital of Andhra Pradesh, is set to create history as it targets to become the world's first city to be powered entirely by renewable energy as town planners look to build an ultra-modern yet environmentally sustainable 'people's capital'. With an ambitious plan to harness 2,700 megawatts (MW) of green energy, the city aims to meet all its electricity needs through sustainable sources like solar, wind, and hydropower, officials said. Andhra Pradesh chief Minister N Chandrababu Naidu's dream new capital city project firmly aligns with India's broader commitment to clean energy and climate action. The foundation stone for the greenfield capital city on the banks of Krishna river is expected to be laid by Prime Minister Narendra Modi sometime this month. The Rs 65,000-crore project is spread across 217 square kilometers, with Andhra Pradesh Capital Region spanning an area of 8,352 sq km. The country's newest capital coming up between Vijayawada and Guntur will

Centre releases over ₹4,200 crore to Andhra for Amaravati capital project

The Central Government has released over Rs 4,200 crore to Andhra Pradesh for Amaravati Capital Development project after it (centre) received the first disbursement of USD 205 million from the World Bank, a senior official has said. The World Bank and Asian Development Bank (ADB) together committed to fund USD 1600 Million (Rs 13,600 crore), USD 800 Million each, for Amaravati capital city phase-I development, while the Centre will be contributing remaining Rs 1,400 crore, out of the Rs 15,000 crore committed by the Central Government for phase-I of the development. According to the World Bank documents the project became effective on January 22 this year and the first disbursement of USD 205 million for program advance was done last month. "Out of this total Rs 15,000 crore, there is a sharing between the World Bank, ABD and the centre. The also may have given same amount. I do not know exactly how much the has given to the Government of India. The Centre has also released its ...

World Bank approves $800 million loan for Amaravati Development Programme

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 Bretton Woods institution's Board of Executive Directors met in Washington, USA on Thursday and approved the loan. "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 center in Andhra Pradesh that generates jobs and improves the lives of its current and future residents, especially the most vulnerable," a World Bank press release said. According to the World Bank, the Government of India requested the USD 800 mn loan to develop Amaravati as an economic hub and the state capital of Andhra Pradesh. The loan has a final maturity period of 29 years, including a grace period of six years, said the Wor

Infra works worth Rs 24,276 crore approved for Amaravati: Andhra minister

The Andhra Pradesh Capital Region Development Authority (APCRDA) chaired by Chief Minister N Chandrababu Naidu has approved infrastructure works worth Rs 24,276 crore in greenfield capital Amaravati, Municipal Minister P Narayana said. The approval during the 43rd APCRDA meeting caters to trunk roads, layouts and iconic buildings, he said. "The 43rd CRDA meeting approved Rs 24,276 crore funds for the construction of trunk roads, layouts and iconic bhavans (buildings) in Amaravati capital," said Narayana addressing a press conference at the Secretariat on Monday. He said that a total of Rs 45,249 crore funds were approved in the past four CRDA meetings. Narayana said that the upcoming Assembly building in the greenfield capital would be built in an area of 103 acres, stretching up to 11.2 lakh sq ft and will reach a height of 250 metres. When the Assembly is not in session, he said people can visit the top of the building to enjoy a bird's eye view of the capital while the 20.32 la

Google identified Andhra Pradesh as key partner: CM Chandrababu Naidu

Chief Minister N Chandrababu Naidu on Wednesday said global tech giant Google has identified Andhra Pradesh as a key partner as part of its ambitious plans and operations in India. After meeting a Google delegation at the secretariat here, the Chief Minister said he discussed various potential areas for collaboration. He exuded confidence that collaborations with global technology leaders such as Google will empower the southern state. I met a Google delegation led by VP (vice president), Bikash Koley in Amaravati today. The delegation offered me an overview of their operations and shared their ambitious plans in India. I am proud that Andhra Pradesh has been identified as a key partner, said Naidu in a post on X. According to the CM, Andhra Pradesh's progressive industrial policies have created a business-friendly ecosystem, attracting investors and paving the way for employment opportunities. Recalling that the state recently signed an agreement with the US-headquartered company

Andhra drone policy should be best in country: CM Chandrababu to officials

Andhra Pradesh Chief Minister N Chandrababu Naidu on Tuesday asked officials to ensure that the drone policy the state is drafting is the best in the country. The chief minister reviewed the policy for 2024-29 which entails the goals of the Andhra Pradesh Drone Corporation over the next five years. "The drone policy being drafted by our state should be the best in the country. Ensure that Andhra Pradesh emerges as the best centre for the drone industry in the country," Naidu said in a statement. Offering attractive incentives, Naidu said drone manufacturers should be roped into the southern state to make investments. He called on the officials to develop Orvakal in Kurnool district as a drone manufacturing hub. The CM observed that drones should be used by government departments as much as possible, and called for the development of Amaravati as the drone capital of the country. Besides the drone policy, Naidu also gave directions for the Andhra Pradesh Data Centre Policy 4.0 ...

Developmental work worth Rs 63K cr to start soon in Amaravati: Minister

Andhra Pradesh Minister Nara Lokesh has said that the construction and developmental works by the government and private sectors in and around the capital Amaravati, worth USD 7.5 billion (Rs 63,000 crore) will start soon. Lokesh, who is currently touring the USA, has appealed to industrialists to invest in the state, which has a favourable environment in all aspects. "I explained that various construction and development works will be started in the vicinity of the capital Amaravati with USD 3 billion in the government sector and USD 4.5 billion dollars in the private sector," Lokesh said in a social media post on Sunday night. He further said new green field seaports are coming up at Machilipatnam, Ramayapatnam, Kakinada and Moolapet areas of the state. He also said the upcoming Visakhapatnam International Airport at Bhogapuram is set to boost large-scale economic activities there. The work on the airport will be completed in the next 18 months. The minister said an AI (artifici

World Bank, ADB commit $1.6 bn for Andhra capital Amaravati from Jan 2025

The World Bank along with the Asian Development Bank in principle has committed to fund USD 1600 million (Rs 13,600 crore) for Amaravati capital city phase-I development and will start releasing the amount from January next year, a senior official of the Andhra Pradesh government has said. Of the total cost of Rs 15,000 crore for the phase-I development, the Central government will be funding the remaining Rs 1,400 crore, the official said, adding the total amount from the World Bank should be drawn within five years. The International Bank for Reconstruction and Development (IBRD), part of the World Bank, which provides loans and guarantees, among others and ADB will be funding USD 800 million (Rs 6,800 crore) each for the project. The repayment of the WB and ADB loans will be taken care of by the Centre, the official said. "The project is being funded jointly by the World Bank and Asian Development Bank. The funds will be released starting from January 30, 2025 or it can happen e

Amaravati's revival: Andhra farmers weave capital dreams, once again

The landscape of Amaravati is dotted with unfinished edifices: Skeletal frames of ministerial bungalows, judges' residences, govt offices, and other structures lie in varying stages of incompleteness

Real estate prices set to soar in Amaravati with push from new Andhra govt

After a lull of five years, real estate prices in Andhra Pradesh's Amaravati region are set to soar with several land dealings expected to close as the regime in the state transitioned from YS Jagan Mohan Reddy-led YSRCP to N Chandrababu Naidu-helmed NDA, breathed new life into the hitherto abandoned city project. The Andhra Pradesh Capital Region Development Authority has already notified eight tenders, calling for jungle clearance along several roads in Amaravati even as Chief Secretary Neerabh Kumar Prasad, accompanied by other key officials such as CRDA Commissioner Vivek Yadav, has already visited the region to take stock of the situation. YV Ramana Rao, president, Andhra Pradesh chapter, Confederation of Real Estate Developers Association of India (CREDAI) claimed that land prices in Amaravati started inflating two months before the 2024 simultaneous Lok Sabha and Assembly polls, anticipating Naidu's win. According to the CREDAI office-bearer, up to 50,000 acres of land ...