Hindustan Times-After World Bank, HUDCO to lend ₹11,000 crore for Amaravati capital project
Even the World Bank has initiated the process for lending a soft loan of ₹15,000 crore to the Andhra Pradesh government for the reconstruction of Amaravati capital city, the project is all set to another mega investment from the Housing and Urban Development Corporation Ltd (HUDCO), a central government enterprise, people familiar with the matter said.
A delegation of HUDCO led by its chairman and managing director Sanjay Kulshreshtha met chief minister N Chandrababu Naidu on Friday evening to discuss the proposal to lend ₹11,000 crore for the construction of Amaravati capital city.
