Andhra Pradesh forms committee to look into Amaravati and other plans
ECONOMY & POLICY

Andhra Pradesh forms committee to look into Amaravati and other plans

In a bid to review and study developmental plans in Andhra Pradesh as well as the upcoming capital of Amaravati, the state government has reportedly set up a committee consisting of five members, who are urban planning experts. They have been charged with the responsibility to analyse the project plans that have been implemented up until now and recommend an extensive strategy to ensure the state is developing and growing on all fronts. The newly formed committee has been directed to submit its report in mid-December.

The move comes in the backdrop of the World Bank and Asian Infrastructure Investment Bank’s (AIIB) decision to withhold funding and withdrawing their support for the Amaravati project. Reportedly, the organisations were going to previously provide funding of $ 500 million in total, while the Andhra Pradesh government was going to contribute $ 200 million.

At a recent AIIB event in Mumbai, Laurel Ostfield, Director-General & Company Spokesperson, AIIB, shared with CW, “We were co-financing this project with the World Bank but are no longer funding it. The decision has been made by our investment committee, and the deliberations remain highly confidential.”

According to a statement released by the World Bank, on July 15, the Government of India withdrew its request to the bank for financing the proposed Amaravati Sustainable Infrastructure and Institutional Development Project. The World Bank’s Board of Executive Directors has been informed that the proposed project is no longer under preparation following the government’s decision. However, the World Bank continues to support the state with an over $ 1 billion programme that covers the health, agriculture, energy and disaster management sectors.

Going by reports, it remains unclear if the formation of the committee is solely related to determining the scope of the Amaravati project. Further clarity is expected only after the submission of the requested report.

In a bid to review and study developmental plans in Andhra Pradesh as well as the upcoming capital of Amaravati, the state government has reportedly set up a committee consisting of five members, who are urban planning experts. They have been charged with the responsibility to analyse the project plans that have been implemented up until now and recommend an extensive strategy to ensure the state is developing and growing on all fronts. The newly formed committee has been directed to submit its report in mid-December. The move comes in the backdrop of the World Bank and Asian Infrastructure Investment Bank’s (AIIB) decision to withhold funding and withdrawing their support for the Amaravati project. Reportedly, the organisations were going to previously provide funding of $ 500 million in total, while the Andhra Pradesh government was going to contribute $ 200 million. At a recent AIIB event in Mumbai, Laurel Ostfield, Director-General & Company Spokesperson, AIIB, shared with CW, “We were co-financing this project with the World Bank but are no longer funding it. The decision has been made by our investment committee, and the deliberations remain highly confidential.” According to a statement released by the World Bank, on July 15, the Government of India withdrew its request to the bank for financing the proposed Amaravati Sustainable Infrastructure and Institutional Development Project. The World Bank’s Board of Executive Directors has been informed that the proposed project is no longer under preparation following the government’s decision. However, the World Bank continues to support the state with an over $ 1 billion programme that covers the health, agriculture, energy and disaster management sectors. Going by reports, it remains unclear if the formation of the committee is solely related to determining the scope of the Amaravati project. Further clarity is expected only after the submission of the requested report.

Next Story
Technology

AirBrick Infra Sets Rs 1 billion Target, Expands to Dubai and Tier-II Cities

AirBrick Infra, one of India’s fastest-growing AI-led commercial interior design and build firms, has announced a sales order target of Rs 1 billion for FY 2025–26. The projection represents a 50 per cent growth over the previous fiscal year and reflects rising demand, increased repeat business, and the company's robust tech-first delivery model.  Now in its third year of operations, AirBrick continues its rapid scale-up, having successfully delivered over 70 projects spanning 3 lakh sq ft in FY 2023–24. FY 2024–25 witnessed the onboarding of several Fortune 500 clients, sett..

Next Story
Resources

Virtusa Foundation Powers Green Education Drive in Bengaluru

The Virtusa Foundation, CSR arm of digital engineering and technology leader Virtusa Corporation, has announced key infrastructure and mobility initiatives at the Ramakrishna Mission, Shivanahalli, Bengaluru. The launch marks the inauguration of a 16-room residential facility for lady teachers and the deployment of two solar-powered electric buses, underscoring Virtusa’s commitment to its core pillars of Education, Environment and Empowerment (3Es).  Located on the forest fringe near Bannerghatta National Park, the initiative supports tribal and underserved communities, complementi..

Next Story
Infrastructure Urban

Godrej Enterprises Drives India’s Smart Green Logistics Shift

As India accelerates its transformation into a global manufacturing and logistics hub, Godrej Enterprises Group (GEG) is taking the lead with its smart, sustainable intralogistics solutions. Through its Material Handling Equipment (MHE) and Storage Solutions businesses, GEG is redefining operational efficiency in modern warehouses and factories using IoT, automation, and AI. GEG has consistently maintained a 20–25 per cent market share in the intralogistics sector over the past three years. Today, over 37 per cent of GEG’s revenues come from its Good & Green portfolio, and its net..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?