AP Signs MoU With NaBFID For Capital Amaravati Infrastructure Blueprint
Among others, the banking institution will assist CRDA in formulating financial strategy and evaluating various implementation models, including public-private partnerships (PPP), for multiple infrastructure projects across the region.
VIJAYAWADA: Andhra Pradesh Capital Region Development Authority (APCRDA), in the presence of Chief Minister Nara Chandrababu Naidu, has entered into a memorandum of understanding (MoU) with the National Bank for Financing Infrastructure and Development (NaBFID) for Transaction Advisory Services (TAS).
With this, NaBFID will act as a strategic adviser to help APCRDA in designing a high-impact financial blueprint for infrastructure projects in Amaravati, the capital city of Andhra Pradesh.
Among others, the banking institution will assist CRDA in formulating financial strategy and evaluating various implementation models, including public-private partnerships (PPP), for multiple infrastructure projects across the region. It will help identify the monetisation options for available land assets.
NaBFID will engage with APCRDA in formulating financial models and extend advisory support for engaging relevant stakeholders and potential investors. This partnership aims to craft an effective financial roadmap for Amaravati, which aligns with the city's long-term development goals and priorities.
APCRDA commissioner K. Kannababu said, “Development of Amaravati as the capital city is a major initiative of the Andhra Pradesh government. The MoU with National Bank for Financing Infrastructure and Development marks a significant step towards strengthening the financial ecosystem for development of infrastructure assets in the Greenfield capital city. With the institution’s expertise in infrastructure and financing, APCRDA aims to implement well-structured development projects with optimal capital deployment."
Speaking about the partnership, APCRDA managing director Rajkiran Rai G., explained, “Through our Transaction Advisory Services, we aim to unlock innovative financing models for key infrastructure projects in the Amaravati capital region. This engagement reflects our shared objective of enabling structured development and contributing to creation of robust, service-oriented urban infrastructure.”
