World Bank, ADB commit $1.6 bn for Andhra capital Amaravati
Fri, Oct 18, 2024 8:50 PM

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

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The World Bank and Asian Development Bank have committed to funding $1,600 million for Amaravati capital city phase-I development, with the Central government funding the remaining Rs 1,400 crore. The funds will be released starting from January 2025, and the total amount should be drawn within five years.

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