The World Bank and the Asian Development Bank have committed to fund USD 1600 million for the phase-I development of Amaravati capital city, with the Central government funding the remaining amount. The funding will begin in January and must be utilized within five years.

The World Bank and the Asian Development Bank (ADB) have jointly committed to fund USD 1.6 billion (Rs 13,600 crore) for the development of Amaravati, the capital city of Andhra Pradesh, in its first phase.

Of the total cost of Rs 15,000 crore for the phase-I development, the Central govt will be funding the remaining Rs 1,400 crore, an official said, adding the total amount from the World Bank should be

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

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

Amaravati: 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