+
SPV Formed to Lead Amaravati Infra Push
ECONOMY & POLICY

SPV Formed to Lead Amaravati Infra Push

At the 52nd meeting of the Andhra Pradesh Capital Region Development Authority (APCRDA), held at the Chief Minister’s Camp Office on Tuesday, Chief Minister N. Chandrababu Naidu approved the formation of a Special Purpose Vehicle (SPV) to steer major infrastructure projects across Capital Amaravati.
The SPV will take charge of designing, executing, and generating revenue from several landmark initiatives, including a greenfield airport, NTR statue, smart industries, iconic bridge, Sports City, riverfront development, ropeway, and the Inner Ring Road.
Naidu also proposed that the Bio Design Project be brought under the SPV’s remit, stating that experts from seven countries are ready to collaborate on the public health initiative.
Further expanding Amaravati’s urban blueprint, the Chief Minister announced plans for a Health City, mirroring the Sports City concept. The SPV will oversee both planning and operational phases of such projects.
The meeting also gave clearance to tenders for constructing 53.68 km of roads and footpaths linking the government building complex. Contractors will be tasked with maintaining the roads for seven years.
Urban design and architectural guidelines for Amaravati were also approved, with Naidu emphasising that each structure should enhance the capital’s visual appeal and serve as a tourism magnet.
Officials briefed the Chief Minister that several leading hotel chains have expressed interest in building convention centres in the capital region. Land has already been allotted to some, while others are seeking fresh allotments. Naidu approved this in principle, insisting that all upcoming facilities must align with global hospitality standards.
A PowerPoint presentation on the proposed iconic bridge was made during the session. Naidu directed that islands on the Krishna river be developed as tourist attractions, with connectivity and aesthetics in focus.
To support the growing project load, the Chief Minister also approved the appointment of additional CRDA staff on deputation and on-duty basis. He added that future land acquisition aligned with the master plan must be handled sensitively, with farmer consultation to avoid disruption.
The meeting was attended by Municipal Administration and Urban Development Minister P. Narayana and several senior officials, signalling a renewed thrust in realising Amaravati’s smart capital ambitions. 

At the 52nd meeting of the Andhra Pradesh Capital Region Development Authority (APCRDA), held at the Chief Minister’s Camp Office on Tuesday, Chief Minister N. Chandrababu Naidu approved the formation of a Special Purpose Vehicle (SPV) to steer major infrastructure projects across Capital Amaravati.The SPV will take charge of designing, executing, and generating revenue from several landmark initiatives, including a greenfield airport, NTR statue, smart industries, iconic bridge, Sports City, riverfront development, ropeway, and the Inner Ring Road.Naidu also proposed that the Bio Design Project be brought under the SPV’s remit, stating that experts from seven countries are ready to collaborate on the public health initiative.Further expanding Amaravati’s urban blueprint, the Chief Minister announced plans for a Health City, mirroring the Sports City concept. The SPV will oversee both planning and operational phases of such projects.The meeting also gave clearance to tenders for constructing 53.68 km of roads and footpaths linking the government building complex. Contractors will be tasked with maintaining the roads for seven years.Urban design and architectural guidelines for Amaravati were also approved, with Naidu emphasising that each structure should enhance the capital’s visual appeal and serve as a tourism magnet.Officials briefed the Chief Minister that several leading hotel chains have expressed interest in building convention centres in the capital region. Land has already been allotted to some, while others are seeking fresh allotments. Naidu approved this in principle, insisting that all upcoming facilities must align with global hospitality standards.A PowerPoint presentation on the proposed iconic bridge was made during the session. Naidu directed that islands on the Krishna river be developed as tourist attractions, with connectivity and aesthetics in focus.To support the growing project load, the Chief Minister also approved the appointment of additional CRDA staff on deputation and on-duty basis. He added that future land acquisition aligned with the master plan must be handled sensitively, with farmer consultation to avoid disruption.The meeting was attended by Municipal Administration and Urban Development Minister P. Narayana and several senior officials, signalling a renewed thrust in realising Amaravati’s smart capital ambitions. 

Related Stories

Gold Stories

Next Story
Infrastructure Transport

Mumbai-Ahmedabad Bullet Train’s Surat-Vapi Section Set for 2027

The first section of the Mumbai-Ahmedabad Bullet Train corridor, linking Surat and Vapi, is targeted to begin services in 2027. Construction is expected to be completed by December 2026, while Railway Minister Ashwini Vaishnaw has indicated that an inauguration could take place around the middle of 2027. The National High Speed Rail Corporation (NHSRCL) said the train being manufactured in India is expected to reach the tracks around April or May 2027. The train will undergo extensive testing before the section is opened for passenger services. The project began construction in 2021 and includ..

Next Story
Infrastructure Transport

Indian Railways Approves Four Projects Worth Rs. 7.36 bn Across Four States

Indian Railways has approved four projects with a combined value of Rs. 7.36 bn across Uttar Pradesh, Maharashtra, Andhra Pradesh and Gujarat. The programme covers train protection, signalling, electric traction supply and a road overbridge, with each project assigned to a different railway zone. In Uttar Pradesh, Rs. 2.52 bn has been approved to extend the Kavach 4.0 automatic train protection system across 607.7 km in the Lucknow Division of North Eastern Railway. The system monitors train movements and can apply the brakes if a driver fails to observe a signal or exceeds a safe speed. The w..

Next Story
Infrastructure Urban

Chandru Raheja Sells 1.49% Stake in Mindspace REIT for Rs. 5 bn

Billionaire Chandru Lachmandas Raheja has sold a 1.49 per cent holding in Mindspace Business Parks REIT for Rs. 5 bn through a bulk deal on the BSE. The transaction involved 9.9 mn units and was executed at an average price of Rs. 505 per unit, according to exchange data. Following the sale, units of Mindspace Business Parks REIT were trading 0.18 per cent lower at Rs. 504.05 on Tuesday. Exchange data did not identify the buyers involved in the transaction. Raheja is the chairman of real estate company K Raheja Corp. The sale involved 99,00,990 units, representing 1.49 per cent of the Mumbai-b..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code