Amaravati: The Andhra Pradesh Government, through the Andhra Pradesh Capital Region Development Authority (APCRDA), has signed a Memorandum of Understanding (MoU) with the National Bank for Financing Infrastructure and Development (NaBFID) to provide Transaction Advisory Services (TAS) for the planned infrastructure development in Amaravati, the capital city of Andhra Pradesh.
The agreement was signed in the presence of Chief Minister N Chandrababu Naidu, marking a strategic step toward building financially viable and investment-ready infrastructure in one of India’s most ambitious urban development projects.
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Under this collaboration, NaBFID will act as a key advisor, assisting APCRDA in:
- Designing a long-term financial strategy for Amaravati’s development
- Evaluating Public-Private Partnership (PPP) models for large-scale infrastructure execution
- Identifying revenue generation mechanisms and land monetization options
- Engaging with stakeholders and potential investors to attract infrastructure funding
Rajkiran Rai G, Managing Director of NaBFID, said: “We are proud to collaborate with APCRDA in shaping Amaravati’s urban future. Through our Transaction Advisory Services, we aim to introduce innovative financing models that will unlock value across key development sectors and support the structured growth of Amaravati.”
K Kannababu, Commissioner of APCRDA, added: “Developing Amaravati as a world-class capital is a flagship initiative of the Andhra Pradesh Government. The partnership with NaBFID will significantly strengthen our financial planning and execution capabilities. With NaBFID’s deep expertise in infrastructure financing, APCRDA is confident of achieving optimal capital deployment for transformative projects.”
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This partnership is a major milestone in the state’s vision to make Amaravati a hub of sustainable and service-oriented urban infrastructure, anchored in strong financial governance.
The engagement will also focus on streamlining project implementation and encouraging investor confidence across multiple sectors including transportation, housing, utilities, and smart city services.
