HUDCO to lend Rs 11,000 crore for construction of Amaravati greenfield capital city

Housing and Urban Development Corporation Ltd (HUDCO) has agreed to provide a loan of Rs 11,000 crore to the Andhra Pradesh Capital Region Development Authority (AP CRDA) for the construction of Amaravati greenfield capital city. Along with loans from the World Bank and Asian Development Bank, the needed Rs 26,000 crore for Phase-1 is secured.