Latest News | APCRDA, NaBFID Ink Pact to Boost Amaravati's Infrastructure with Financial Blueprint

Amaravati, July 11 (PTI) The Andhra Pradesh Capital Region Development Authority (APCRDA) on Friday signed an agreement with the National Bank for Financing Infrastructure and Development (NaBFID) for Transaction Advisory Services (TAS) in Amaravati, in the presence of Chief Minister N Chandrababu Naidu.

The agreement aims to design a robust financial blueprint for infrastructure development in the greenfield capital city of Amaravati.

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"APCRDA has entered into a Memorandum of Understanding (MoU) with NaBFID for TAS, in the presence of Chief Minister Naidu," said an official press release.

NaBFID will act as a strategic advisor and help formulate financial strategies and implementation models, including Public-Private Partnerships (PPP), for key projects in the capital region.

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The institution will also explore monetisation options for available land assets and assist APCRDA in identifying potential revenue sources to support project execution.

It will provide advisory support in engaging relevant stakeholders and investors, aligning with Amaravati's long-term urban development priorities and sustainable infrastructure goals.

"Through TAS, we aim to unlock innovative financing models for the structured development of Amaravati's urban infrastructure," said NaBFID Managing Director G Rajkiran Rai in the press release.

APCRDA Commissioner K Kannababu said the agreement marks a vital step in strengthening Amaravati's financial ecosystem and enabling optimized capital deployment for infrastructure development.

The partnership is expected to accelerate Amaravati's development as a greenfield capital through financial innovation, stakeholder engagement, and improved project efficiency.

(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)