Loan pact signed between HUDCO and CRDA for capital Amaravati construction
Narayana said, "As per this deal, HUDCO will extend a loan of Rs.11,000 crore for the capital construction. Its board meeting in Mumbai on January 22 gave the nod for the loan.”
A landmark loan agreement was signed between the Housing and Urban Development Corporation (HUDCO) and the Capital Region Development Authority (CRDA) in the presence of Chief Minister Chandrababu Naidu on Sunday.
This would accelerate the development of Amaravati, the chief minister said.
The event was attended by urban development minister P Narayana, HUDCO chairman and MD Sanjay Kulshreshtha and officials from the municipal administration department.
Narayana said, "As per this deal, HUDCO will extend a loan of Rs.11,000 crore for the capital construction. Its board meeting in Mumbai on January 22 gave the nod for the loan.”
Apart from Sanjay Kulshrestha, HUDCO directors M Nagaraj and Daljeet Singh Khatri, along with its AP regional chief BSA Murthy, joint GM SM Srinivas and senior manager Subba Rao visited the Sri Durga Malleswara Swamy Varla Devasthanam (Durga temple) atop Indrakeeladri here on Sunday.
The HUDCO delegation was joined by minister Narayana. The temple authorities extended a warm welcome to the group. Vedic Scholars blessed the team at the Veda Ashirvachana Mandapam. The temple authorities presented them with Laddu Prasadam, Sesha Vastram and portraits of Durga Devi.
