THE World Bank's Board of Executive Directors has approved an $800 million loan to support the Amaravati Integrated Urban Development Programme in Andhra Pradesh.
This initiative aims to establish Amaravati as a climate-resilient, well-managed urban centre that promotes economic growth, and improves living standards, particularly for vulnerable communities.
Auguste Tano Kouame, World Bank's Country Director for India, explained Amaravati's potential as a model for India's urban transformation. "With India's urban population projected to double to 950 million by 2050, cities like Amaravati offer unique opportunity to create sustainable, lively growth hubs," he said. The World Bank will contribute global expertise to design urban institutions and infrastructure, fostering opportunities for women, youth, and marginalised groups.
This story is from the December 22, 2024 edition of The New Indian Express Tadepalligudem.
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This story is from the December 22, 2024 edition of The New Indian Express Tadepalligudem.
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