Centre to Facilitate ₹15,000 Crore World Bank Loan for Amaravati
In a significant development for the capital city Amaravati, the Central Government is set to facilitate a massive ₹15,000 crore loan from the World Bank. This announcement came from BJP State President and Rajamahendravaram Member of Parliament, D. Purandeswari, at a press conference held on Monday.
Continued Financial Backing for Amaravati
Ms. Purandeswari highlighted the Centre's longstanding commitment to Amaravati's development, noting that it had already released ₹2,500 crore back in 2015 before even the Detailed Project Report (DPR) was finalized. She emphasized the government's progressive support aimed at transforming Amaravati into a thriving capital.
Housing Initiatives Yield Results
Beyond infrastructural funding, the Centre has actively supported housing under the Pradhan Mantri Awas Yojana (PMAY). A total allocation of ₹704 crore has contributed to the completion of over 34,000 houses, providing affordable homes and improving living standards for many residents in the region.
Alliance Leaders Reflect on Achievements
At the same event, MLC Somu Veerraju and East Godavari district BJP President Pikki Narendra recounted the alliance’s accomplishments over the past year in the state. Their discussion underscored ongoing collaborative efforts for sustainable growth and development across Andhra Pradesh.
