WB approves USD 800 mn for Amaravati development

In a major boost to the development of Amaravati, the greenfield capital city of Andhra Pradesh (A.P.), the World Bank (WB) on Thursday (December 19) approved the $800 million loan for the Amaravati Integrated Urban Development Program (AIUDP) A press release from the WB on Friday (December 20,) said that the AIUDP was aimed at establishing the capital city as a well-managed, climate-resilient growth centre in Andhra Pradesh that would generate jobs and improve the lives of its current and future residents, especially the most vulnerable.

Tano Kouame, the WB’s Country Director for India, stated that with its urban population expected to double to 950 million by the year 2050, India aimed at building sustainable and livable cities as growth hubs and Amaravati offers an exciting opportunity to model that urban transformation..