The World Bank has released $340 million for Amaravati Capital Phase-I development, with an additional $150 million expected by the end of April.
Officials confirmed that the World Bank and Asian Development Bank together committed $1.6 billion, with each contributing $800 million. The Centre also pledged Rs 15,000 crore, of which Rs 1,400 crore has already been allocated.
The Amaravati Integrated Urban Development Programme (AIUDP) is being implemented under the Program for Results framework, linking disbursements to milestones rather than fixed schedules. The loan carries a six-year grace period and a 29-year maturity, with repayments beginning in June 2031.
During the first 14 months, the focus has been on strengthening institutions, building governance capacity, and preparing Amaravati to serve as an inclusive growth hub. Job-focused skilling programs are underway, targeting women and youth to equip them for emerging opportunities.
Infrastructure development has advanced steadily. Contractors are building arterial and neighbourhood roads, housing projects, and city-wide systems for water supply, wastewater, and stormwater drainage. Flood management works have reached 35 per cent completion across six locations.
World Bank officials emphasised that the project aims to make Amaravati a climate-resilient, well-managed city capable of attracting investors and creating jobs. The partnership with ADB will continue to provide technical expertise and international best practices to support Andhra Pradesh’s vision for its new capital.
