funding insights Archives - Vizag One https://www.vizagone.com/tag/funding-insights/ Visakhapatnam - City of Destiny Tue, 20 Aug 2024 23:48:21 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 https://www.vizagone.com/wp-content/uploads/2023/11/cropped-vizagone-logo-500x500-jpg-32x32.jpg funding insights Archives - Vizag One https://www.vizagone.com/tag/funding-insights/ 32 32 The World Bank Delegation’s Impact on Amaravati’s Development https://www.vizagone.com/news/the-world-bank-delegations-impact-on-amaravatis-development/ https://www.vizagone.com/news/the-world-bank-delegations-impact-on-amaravatis-development/#respond Tue, 20 Aug 2024 23:48:18 +0000 https://www.vizagone.com/?p=24592 The World Bank delegation’s visit to Andhra Pradesh is ongoing, with groups of 10 members from both the World Bank and ADB arriving in the state for official visits. Representatives from the World Bank and ADB are scheduled to conduct extensive tours until the 27th of this month. Progress continues in the development of Amaravati, […]

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The World Bank delegation’s visit to Andhra Pradesh is ongoing, with groups of 10 members from both the World Bank and ADB arriving in the state for official visits. Representatives from the World Bank and ADB are scheduled to conduct extensive tours until the 27th of this month.

Progress continues in the development of Amaravati, as the Andhra Pradesh government gains further insight from the World Bank regarding funding outlined in the Union Budget. A significant meeting took place today between Chandrababu and the World Bank teams, during which discussions included the potential for a loan from the World Bank.

Field studies have already been conducted on construction projects and roads in Amaravati. Following discussions with CRDA officials in the morning, a meeting was held with CM Chandrababu later in the day. The World Bank’s technical experts sought clarifications on legal and infrastructure matters, while also inquiring about ongoing litigations with the National Green Tribunal.

The Amaravati Master Plan was reviewed with the Chief Minister, where Chandrababu presented detailed economic plans in a PowerPoint presentation. Emphasizing the use of cutting-edge technology and global standards in construction, he expressed that the World Bank is considering additional financial support beyond the budgeted 15,000 crores, potentially in partnership with the Asian Development Bank. The CM urged expedited release of funds.

A recent visit by a group of World Bank representatives involved inspections of various locations in Amaravati, including roads, the Kondaveeti stream pump house, and educational institutions like VIT, SRM, and AIIMS. The alliance government’s efforts towards Amaravati’s development are described as progressing rapidly.

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