Andhra Pradesh Approves Rs 2,723 Crore For Greenfield Capital Amaravati Road Infra; Total CRDA Funds Reach Rs 47,288 Crore

The Andhra Pradesh government has announced its commitment to the development of the greenfield capital Amaravati, approving Rs 2,723 crore for road infrastructure projects. The funds will be specifically utilized for constructing layout roads in Amaravati zones 7 and 10, Municipal Minister P Narayana confirmed on Monday (23 December)

“Funds for works worth Rs 47,288 crore were approved until now during Capital Region Development Authority (CRDA) meetings for the development of Amaravati,” Narayana said at a press conference held at the state secretariat. He added that approvals for additional works will be finalised within this month.

Instead, the loans taken to fund Amaravati’s development will be repaid through the sale of land pooled from farmers for the capital city project.

By leveraging the land monetisation model, the administration aims to ensure that taxpayers are not burdened with the financial requirements of the capital city's development.