Modi to restart $11bn of work on new state capital “Amaravati”
7 April 2025
The moribund project to build “Amaravati”, a brand new capital for the Indian state of Andhra Pradesh, is showing rare signs of life with a $1.3bn loan agreed last month, and a project re-launch planned this month by Prime Minister Narendra Modi.
The 217-sq-km greenfield project with a master plan by UK-based Foster + Partners was launched in 2014, but the most recent status update for the scheme published by the state’s Capital Region Development Authority (CRDA) dates to February 2019.
But in March, India’s Housing and Urban Development Corporation (Hudco) agreed to lend the CRDA $1.3bn (Rs 11,000 crore) for the city, Economic Times reports. Details of what the money would be spent on were not given.
And in April, Narendra Modi will visit to re-launch projects there worth $11.7bn (Rs 1 lakh crore), reports the PTI news agency.
Andhra Pradesh Chief Secretary K Vijayanand said Modi would “restart the construction of Capital Amaravati”.
CRDA commissioner K Kanna Babu said funds had been raised for the government complex, trunk roads, and other infrastructure, adding that tenders had already been invited.
Related
-
Saudi Arabia selects contractor for $1.4bn performing arts centre
23 October 2025
-
Kuwait signs $500mln wastewater treatment plant deal with Turkey’s Kuzu
23 October 2025
-
Saudi's ACWA Power, UAE's Alcazar Energy eye Egyptian wind farm
23 October 2025
-
Egypt's SCZONE attracts new Chinese textile investments in Sokhna Industrial Zone
22 October 2025
-
Tender opens for 1GW Nederwiek I-A offshore wind farm
22 October 2025
-
Sunotec secures financing for Bulgarian BESS, renewables portfolio
22 October 2025