Tue Mar 11 09:14:05 UTC 2025: ## Andhra Pradesh Announces ₹64,721 Crore Amaravati Capital Project

**Amaravati, Andhra Pradesh –** The Andhra Pradesh government announced a ₹64,721 crore plan to complete construction of its new capital city, Amaravati, within three years, by 2028. Municipal Administration and Urban Development Minister P. Narayana revealed the ambitious project’s cost and timeline in the state assembly on Tuesday.

The funding will be sourced from a variety of avenues, including international and national loans and grants. The World Bank and Asian Development Bank are expected to contribute ₹13,400 crore, KfW Bank ₹5,000 crore, and HUDCO ₹11,000 crore within the next few days. Further funding will be secured from the Central Government and through land sales and leases within the capital city itself. The government also aims to raise funds in international and national markets at low interest rates.

Minister Narayana criticized former Chief Minister Y.S. Jagan Mohan Reddy for creating uncertainty in the project by initially proposing 30,000 acres for development and later altering the plan.

Key construction targets include the completion of major roads within two years and the full completion of government office buildings (more than 50% already built) within a year and a half. The Legislative Assembly, Secretariat, and High Court are slated for completion within three years. The project will include residential areas, administrative buildings, and amenities as part of the Land Pooling Scheme (LPS). The government pledged to deliver developed plots to participating farmers in phases within three years. The Amaravati Government Complex (AGC) will be a centerpiece of the development.

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