Amaravati's infra gets financial boost as APCRDA partners with NaBFID
Acting as a strategic advisor, the institution will help APCRDA design a high-impact financial blueprint for infrastructure projects in Amaravati, the capital city of Andhra Pradesh.
As part of the advisory support, the institution will assist in formulating financial strategies and evaluating various implementation models, including Public-Private Partnerships (PPP), for multiple infrastructure projects across the region.
The institution will also help identify potential revenue sources and explore monetisation options for available land assets.
Additionally, the institution will engage with APCRDA in formulating financial models and extend advisory support for engaging relevant stakeholders and potential investors. This partnership aims to craft an effective financial roadmap for Amaravati aligned with the city's long-term development goals and priorities.
Speaking on the partnership, Rajkiran Rai G., managing director at National Bank for Financing Infrastructure and Development, said, "We are pleased to collaborate with APCRDA in its mission to build world-class infrastructure for Amaravati. Through our Transaction Advisory Services, we aim to unlock innovative financing models for key infrastructure projects in the capital region. This engagement reflects our shared objective of enabling structured development and contributing to the creation of robust, service-oriented urban infrastructure.
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CRDA commissioner K Kannababu said that the development of Amaravati as the capital city is a major initiative of the Andhra Pradesh government, and the MoU with NaBFID marks a significant step towards strengthening the financial ecosystem for the development of infrastructure assets in the greenfield capital city. With the institution's expertise in infrastructure advisory and financing, "APCRDA aims to implement well-structured development projects with optimised capital deployment," said Kannababu.
Municipal administration Minister Dr. P. Narayana, principal secretary finance Peeyush Kumar were present.
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