AP Govt Receives Approval For Rs. 15,000 Crore Loan For Amaravati Development

The Govt of AP has announced that the Union Ministry of Finance has approved the CRDA’s proposals. Orders have been issued regarding the utilization of funds provided by the World Bank and ADB for the development of Amaravati. The World Bank and ADB will jointly offer a loan of Rs. 15,000 crore. The govt has directed the CRDA to implement the Amaravati Plan using these funds.