Andhra Pradesh has extended a government guarantee and a letter of comfort to CRDA to help secure a Rs 7,500 crore NaBFID loan for Amaravati’s development. The guarantee covers principal and interest, taking effect only if CRDA defaults
The World Bank and Asian Development Bank (ADB) together committed to fund USD 1600 Million (Rs 13,600 crore), USD 800 Million each, for Amaravati capital city phase-I development, while the Centre will be contributing remaining Rs 1,400 crore, out of the Rs 15,000 crore committed by the Central Government for phase-I of the development
