India News | Andhra, HUDCO Enter into Rs 11,000 Crore Loan Deal for Amaravati Construction

Amaravati, March 16 (PTI) Andhra Pradesh's Capital Region Development Authority and HUDCO inked a Rs 11,000 crore loan agreement on Sunday for the construction of the greenfield capital city, Amaravati, Government sources said.

The agreement was signed in the presence of Chief Minister N Chandrababu Naidu at his residence in Undavalli of Guntur district.

Also Read | Assam Police Constable Exam 2025: SLPRB To Release Written Examination Admit Card for Constable and Other Posts on March 17 at slprbassam.in.

"HUDCO and CRDA entered into the agreement in the presence of Chief Minister Chandrababu Naidu... As per this deal, HUDCO will extend a loan of Rs 11,000 crore for the capital construction," said a press release.

A Housing and Urban Development Corporation (HUDCO) board meeting held in Mumbai on January 22 had given a green signal for the loan.

Also Read | Food Poisoning in Mandya: One Student Dies, 28 Hospitalised After Complaining of Stomach Pain Following Consumption of Vegetable Pulao and Chutney Prepared for Holi Celebrations.

Municipal Minister P Narayana, HUDCO CMD Sanjay Kulshrestha and other officials were present during the signing of the agreement.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)