Latest news with #APADCL
New Indian Express
15-07-2025
- Business
- New Indian Express
State government backs APADCL for Rs 1k crore loan
VIJAYAWADA: The State government has approved a proposal by the Andhra Pradesh Airports Development Corporation Limited (APADCL) to extend a guarantee to obtain a Rs 1,000 crore loan to fund land acquisition and external infrastructure at key airport projects. The funds will support works at Kuppam, Dagadarthi, and Srikakulam airports (land acquisition and infrastructure), as well as external infrastructure for Amaravati airport. The loan will also cover viability gap funding (VGF) and help clear urgent liabilities of APADCL. Infrastructure and Investment Department Secretary N Yuvaraj issued the orders on Monday with several conditions.
The Hindu
14-07-2025
- Business
- The Hindu
A.P. govt. to guarantee for ₹1,000-crore loan for developing seven airports
The Andhra Pradesh government on Monday agreed to give guarantee to the Andhra Pradesh Airports Development Corporation Limited (APADCL) for obtaining ₹1,000 crore as loan to undertake the development of airports at Kuppam, Dagadarthi and Srikakulam —for land acquisition and external infrastructure creation— and Amaravati (for external infrastructure), and to extend Viability Gap Funding (VGF) support for airports and clear the urgent pending liabilities of the APADCL. The G.O Ms. No.8 issued by Secretary (Infrastructure & Investment- Airports) N. Yuvaraj said that the government intended to develop eight greenfield airports at Srikakulam, Bhogapuram, Tuni-Annavaram, Tadepalligudem, Ongole, Kuppam, Dagadarthi and Nagarjuna Sagar, besides operationalising the international airport at Bhogapuram, for enhancing air connectivity and supporting regional economic growth. The government also desired to establish a greenfield international airport at Amaravati. In response a proposal made by the APADCL MD in this regard, the government accorded in-principle administrative sanction for ₹1,570.64 crore to acquire land for developing the above airports. It also directed the MD to approach financial institutions for mobilising the funds. Accordingly, the MD submitted that the development of Kuppam, Dagadarthi, Srikakulam and Amaravati airports was being taken up under Phase - 1. It was further mentioned that the Techno-Economic Feasibility Report (TeFR) study has been completed for Kuppam and Dagadarthi airports, while the same is in progress for the remaining two airports. The MD sought 'shortfall government guarantee' for securing ₹1,000 crore loan from the HUDCO for developing the airports.
Hans India
10-07-2025
- Business
- Hans India
Mango procurement plan gets Cabinet nod
Vijayawada: The state Cabinet on Wednesday took several significant decisions aimed at bolstering infrastructure, supporting the agricultural sector, and fostering economic growth. Key approvals include expediting construction of residential complexes in Amaravati, a substantial mango procurement plan, and significant investments in airport development and technological initiatives. The Cabinet approved the allocation of Rs 524.70 crore to complete the remaining construction works of the residential complex for MLAs, MLCs, and All India Services officers in Amaravati. This multi-storied complex will comprise 432 residences across 18 buildings. In other infrastructure-related decisions, the Cabinet sanctioned Rs 286.20 crore for desilting sand from various reaches of the Krishna River and the foreshore of Prakasam Barrage. Additionally, a proposal to review land allocations to various institutions within the Capital Region Development Authority (CRDA) region, in accordance with the Amaravati Land Allotment Rules, received approval. In a crucial move to protect the interests of mango farmers, the Cabinet approved a proposal to procure 6.50 lakh metric tonnes (MTs) of Totapuri mangoes for the current season. This initiative aims to provide remunerative prices, ensure the economic well-being of farmers, and sustain mango cultivation. The government has sanctioned a total of Rs 260 crore as a support price at Rs 4 per kg, following a prescribed Standard Operating Procedure (SOP). The Cabinet also gave its nod to provide a shortfall guarantee to AP Airports Development Corporation Ltd. (APADCL) and permit APADCL to secure a loan of Rs 1,000 crore from HUDCO. This loan is earmarked for the development of airports at Kuppam, Dagadharthi, Srikakulam, and Amaravati, to provide viability gap funding support for Kuppam Airport, and to clear urgent pending liabilities of APADCL. The Cabinet also ratified orders for the establishment of the 'World Economic Forum – AP Centre for Energy and Cyber Resilience' at Amaravati. This strategic collaboration with the World Economic Forum (WEF) under its Global Centre for the Fourth Industrial Revolution (C4IR) Network has an estimated operating budget of Rs 36 crore for three years. To bolster water supply initiatives, the Cabinet approved the formation of AP Jal Jeevan Water Supply Corporation as an autonomous entity under the Companies Act, 2013. This corporation will mobilize Rs 10,000 crore through loans from public sector banks and financial institutions to meet the State's matching share under the Jal Jeevan Mission. In a move to benefit transport vehicle owners, the Cabinet approved the promulgation of an Ordinance in place of the Andhra Pradesh Motor Vehicles Taxation (Amendment) Bill, 2025. This amendment significantly reduces the 'green tax' rate for transport vehicles. The tax, which was previously up to Rs 20,000 per year, has now been reduced to Rs 1,500 to Rs 3,000, a decision expected to benefit 9,56,429 people. Further positioning Amaravati as a technology hub, the Cabinet approved the formation of a government company named Amaravati Quantum Computing Centre (AQCC). This centre is envisioned as a key milestone in positioning Amaravati as a global quantum hub.
Time of India
23-06-2025
- Business
- Time of India
Govt to launch seaplane services in eight locations
Vijayawada: In a move to further strengthen the tourism sector, the state govt has decided to launch seaplane services in eight locations. The state govt will first take up techno-economic feasibility study for construction of aerodromes in eight proposed locations and also secure required clearances from different agencies. The project is expected to be rolled out by next January. Andhra Pradesh airports development corporation limited (APADCL) will engage an experienced and reputed firm with proven technical and financial capabilities and a team of multi-disciplinary professionals as transaction advisor for providing consultancy services for conducting techno economic feasibility study, preparation of detailed project report (DPR). The advisor should also be entrusted with conducting environmental impact assessment (EIA) study and obtaining statutory clearances for the proposed water aerodromes at eight locations. APADCL said that conducting various studies and investigations including site survey, geotechnical investigations, bathymetric/hydrographic survey, obstacle limitation surface (OLS) survey, CRZ mapping, identification of the location of jetty, runway and associated infrastructures for seaplane, feasibility study and necessary administrative approvals from statutory bodies & competent authorities. Preparation of DPR includes preparation of concept design report, layout plan, detailed design and drawings (architectural and structural) of key components such as civil, electrical and IT and airport system as required for operation of water aerodromes The advisory firm should also be responsible for conducting EIA study for each location, prepare environmental management plan (EMP) and assist APADCL in getting necessary environmental clearance (EC)/CRZ clearance from UTLA/MoEF&CC/other statutory bodies for each water aerodrome. "Obtaining various statutory clearances for operation of water aerodromes and project implementation support till handover to airline operator is the responsibility of the advisor," said a senior officials of APADCL. "With current growth scenario in civil aviation sector, particularly in India, the Centre has launched RCS-UDAN to reach out to remote areas. Sea plane operation from coastal/ river/ canal as well as terrestrial water bodies will extend the connectivity to those areas where there is no land-based airport. Water Aerodromes have been proposed under the regional connectivity scheme (RCS). These aerodromes are aimed at servicing seaplane services in the country," said BC Janardhan Reddy, R&B and infrastructure minister. He said that amidst overall worldwide growth of aviation industry, India is also witnessing tremendous growth in aircraft operations. Seaplane operations are yet an untapped market even though a tremendous potential exists, being a vast state with magnificent waterfronts and long coastline.
Time of India
19-06-2025
- Business
- Time of India
AP govt clears TEFR study for Sagar, Ongole airports
Vijayawada: Infrastructure and investments minister BC Janardhan Reddy said that state govt has accorded permission to AP Airport Development Corporation Limited (APADCL) for selection of consultants to undertake the techno-economic feasibility study report (TEFR) for the proposed greenfield airports at Nagarjunasagar and Ongole here. Reddy mentioned that collectors of the respective districts have already identified suitable lands for the construction of the greenfield airports, while the Airports Authority of India (AAI) completed the preliminary feasibility study of the two airports. Subsequently, govt approved for floating tenders regarding selection of consultants for preparation of TEFR for the proposed Amaravati International Airport and Kuppam Airport in the state. In a press release issued by the infrastructure minister on Wednesday, he stated that the NDA state govt is according highest priority to the development of infrastructural amenities such as roads, railways, seaports, and airports in the state. In this regard, the ministry is working in tune with cief mnister N Chandrababu Naidu's vision to have at least 20 seaports,and fishing harbours and 14 airports in the state. On the occasion, Janardhan Reddy said that govt took up key infrastructure works at Kurnool airport in 2025-26 financial year, which include runways and safety (RESA) and maintenance works costing 3.6 crore, besides approval for a taxiway to the flight training organisation (FTO) at a cost of 4.4 crore. Moreover, govt reconstituted the technical evaluation committee with 12 members for examining bids for the selection of consultants and developers for various airport projects undertaken by the APADCL.
