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A P govt gives guarantee for ₹3000-cr loan to AMRDA

Updated: The agency will undertake infrastructure and land pooling works in Amaravati region Share Article AAA Chief Minister Y.S. Jagan Mohan Reddy discussed the incomplete projects in the Amaravati region, in the Cabinet meeting on Tuesday.   The agency will undertake infrastructure and land pooling works in Amaravati region In an attempt to give impetus to the works undertaken in the capital region of Amaravati, the State Cabinet has cleared a proposal, giving a guarantee to the Amaravati Metropolitan Region Development Authority (AMRDA) to avail a loan of ₹3,000 crore from banks. The Cabinet meeting chaired by Chief Minister Y.S. Jagan Mohan Reddy on Tuesday discussed in detail the incomplete projects in the Amaravati region. The government constituted the AMRDA replacing the Andhra Pradesh Capital Region Development Authority (APCRDA) in August last year.

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