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World Bank approves $800 million loan for Amaravati construction

IndiaTimes Friday, 20 December 2024
The World Bank approved an $800 million loan to develop Amaravati, Andhra Pradesh's new capital city. The funding will support infrastructure development and establish Amaravati as a well-managed, climate-resilient economic hub, creating jobs and improving residents' lives. The loan has a 29-year maturity period, including a six-year grace period.
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Amaravati Amaravati State capital city in Andhra Pradesh, India

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