World Bank in Talks for Funding of Amaravati Phase-2 Works
The high-level discussions focused on financial planning, infrastructure execution priorities and long-term funding mechanisms required for the continuation of major capital city works.
Vijayawada: A delegation of the World Bank held discussions on Tuesday with banking institutions, infrastructure experts and Andhra Pradesh Capital Region Development Authority (APCRDA) officials on mobilising funds for Phase-2 development of Amaravati Capital City.
The high-level discussions focused on financial planning, infrastructure execution priorities and long-term funding mechanisms required for the continuation of major capital city works.
According to APCRDA officials, the deliberations covered infrastructure financing needs, implementation timelines, institutional coordination, and sustainable urban development strategies for Amaravati. Discussions focused on strengthening project execution systems and ensuring structured financial support for future development activities.
The World Bank delegation included Gerald Ollivier, Bala, and Qingyun. Members of the Crisil team took part in the project assessment and financing meetings. Senior APCRDA officials attending the meeting included commissioner Vijay Rama Raju, additional commissioner (FAC) Praveenchand, and AGICL managing director S.V.R. Srinivas. Officials from ESMU, PgMC and PMC participated in the deliberations.
The meeting explored the scope for Public-Private Partnership (PPP) initiatives, innovative financing models, and project structuring mechanisms for implementation of large-scale infrastructure and urban development projects in Amaravati.
Officials said the discussions assume significance in the backdrop of the state government’s renewed focus on accelerating capital city infrastructure works and attracting institutional funding support for long-term urban development.
APCRDA authorities said consultations with the international institutions and financial stakeholders would continue in the coming months to ensure sustainable financing and timely execution of Amaravati projects.
The interactions are expected to strengthen investor confidence and improve coordination among agencies involved in the capital city development programme.
