ADB extends USD 788.8-mn loan to develop Amaravati as green, smart capital city
The Amaravati Inclusive and Sustainable Capital City Development Program is designed to transform Amaravati into a growth hub for the region, enhancing economic prospects, providing job opportunities, and improving living conditions of the residents, it said.
Public investments will focus on key infrastructure development, including trunk infrastructure, government complex, and neighbourhood infrastructure benefiting farmers who are the stakeholders under the land pooling schemes, it said.
The program will be supported in collaboration with other multilateral development banks (MDBs) to ensure timely and high-quality delivery of infrastructure and services, it said.
«ADB and other MDBs will bring global expertise and technical support to the Government of Andhra Pradesh, laying the groundwork for a dynamic, sustainable, and vibrant capital city. Our collaboration will span climate-resilient urban planning, establishing governance and institutional frameworks, and social inclusion,» said ADB Country Director for India Mio Oka.
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