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HUDCO provides ₹11,000 crore loan to build Andhra Pradesh's new capital, Amaravathi.
The Housing and Urban Development Corporation (HUDCO) has provided a loan of ₹11,000 crore to the Capital Region Development Authority (CRDA) for constructing Amaravathi, the new capital of Andhra Pradesh.
This loan helps fill the funding gap for Amaravathi Phase-1, which totals ₹26,000 crore, with the World Bank and Asian Development Bank already committing ₹15,000 crore.
The agreement was signed in the presence of Chief Minister Nara Chandrababu Naidu and other key officials.
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HUDCO proporciona un préstamo de 11.000 coronas para construir la nueva capital de Andhra Pradesh, Amaravathi.