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
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
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 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 ...
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
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
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
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 ...
If you plan to go outside for shopping ahead of Diwali this week, then this week's downpour schedule may ruin them away. The India Metrological Department (IMD), Amaravati released weather warnings on Sunday.IMD Metrological Centre, Amaravati has forecasted light to moderate-intensity rain in the region for the next five days.According to IMD, heavy rain is likely at isolated places in the Rayalaseema region and thunderstorms accompanied by lightning are likely at isolated places in NCAP & Yanam, SCAP and Rayalaseema for the next three days.On days 4-5, October 12-13, IMD Metrological Centre forecasted heavy downpours at isolated places in SCAP and Rayalaseema. "Thunderstorm accompanied with lightning likely at isolated places in NCAP & Yanam, SCAP and Rayalaseema", IMD statement read.The parts of the national capital also received continuous heavy rainfall on Saturday.The reported rains in Delhi amount to 74.3mm, 87.2mm, and 85.2mm at SFD, Lodhi Road, and Ayaynagar ...
He also dismissed the argument that Amaravati can be developed as a capital city through a self-financing model and pointed out that only 4,997 acres of land was available for sale
In the wake of the highly-politicised Hanuman Chalisa row in Mumbai, BJP MP Prakash Javadekar hit out at the Maharashtra government for the arrest of MP Navneet Rana and her MLA husband Ravi Rana
The Andhra Pradesh Legislative Assembly last month passed a Bill to repeal An Act that was intended to establish three capitals for the state
All began with the division of Andhra Pradesh and Hyderabad becoming the capital of Telangana
The Andhra Pradesh High Court has sought to examine whether there is a breakdown of constitutional machinery in the state
The Supreme Court Wednesday stayed the Andhra Pradesh High Court direction restraining the media from publishing news regarding an FIR lodged on alleged irregularities in land transactions in Amaravati. A bench headed by Justice Ashok Bhushan said that the high court shall not decide till January last week the pending matter which relates to the alleged illegal land transactions in shifting of the state capital to Amaravati. The bench, also comprising Justices R S Reddy and M R Shah, refused to stay at this stage the other directions of the high court including the stay on probe into the FIR in the matter. The apex court passed the order while hearing an appeal filed by Andhra Pradesh government against the September 15 order of high court. The top court, which did not issue notice to chief minister Y S Jagan Mohan Reddy on the appeal, sought responses from others including the Director General of Police of Andhra Pradesh and the state's former advocate general on whose plea the h
The Supreme Court issued notice on an appeal filed by the Andhra Pradesh government challenging the stay granted by the Andhra Pradesh High Court into the Amaravati land acquisition
Expert committee recommends vesting legislative, executive and judicial functions with Amaravati, Vizag and Kurnool, representing three broad regions for fair and equitable development of the state
The Chief Ministers statement triggered widespread protests, particularly in the central coastal region of the state
40,000 workers from other states left in the lurch, real estate business takes a battering, farmers get a raw deal on the land they surrendered for Andhra Pradesh's new capital
Singapore govt says closure based on mutual consent between AP govt and Singapore Consortium, as former had "other priorities for the state"