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The Andhra Pradesh Capital Region Development Authority (APCRDA) has signed an MoU with the National Bank for Financing Infrastructure and Development for Transaction Advisory Services. This aims to design a financial blueprint for infrastructure projects in Amaravati. The institution will help formulate financial strategies, evaluate public-private partnership models, and identify revenue sources from land assets. This partnership seeks to strengthen the financial ecosystem for Amaravati's development, optimizing capital deployment for its transformation into a world-class capital city.
The Andhra Pradesh Capital Region Development Authority (APCRDA) has recently entered into a Memorandum of Understanding (MoU) for transaction advisory services. This agreement, signed on Monday, July 14, in Amaravati, the capital city of Andhra Pradesh, aims to create a financial roadmap for infrastructure projects by partnering with a national development financial institution. Advertisement
The APCRDA has entered into an MoU with the National Bank for Financing Infrastructure and Development, a Development Financial Institution (DFI) established in April 2021. The agreement was signed in the presence of Chief Minister of Andhra Pradesh, Shri N. Chandrababu Naidu. The institution will act as a strategic advisor. It will help APCRDA design a financial blueprint for infrastructure projects in Amaravati. As part of this advisory support, the institution will assist in formulating financial strategy and evaluating various implementation models, including Public-Private Partnerships (PPP), for multiple infrastructure projects across the region. The institution will also help in identifying potential revenue sources and exploring monetization options for available land assets. Additionally, it will engage with APCRDA in formulating financial models and extend advisory support for engaging relevant stakeholders and potential investors.
Mr. Rajkiran Rai G., Managing Director at National Bank for Financing Infrastructure and Development, stated that they are pleased to collaborate with APCRDA to build infrastructure for Amaravati. He added that through their Transaction Advisory Services, they aim to facilitate innovative financing models for key infrastructure projects in the capital region.
Mr. K. Kannababu, Commissioner, APCRDA, stated that the development of Amaravati as the capital city is a major initiative of the Andhra Pradesh Government. He added that the MoU marks a step towards strengthening the financial ecosystem for development of the infrastructure assets in the greenfield capital city. He also stated that with the institution's expertise, APCRDA aims to implement well-structured development projects with optimized capital deployment.
The National Bank for Financing Infrastructure and Development is dedicated to accelerating India's infrastructure ecosystem development. It addresses the long-term financing needs of the sector, playing a role in driving economic growth and fostering sustainable development. It aims to be a provider of impact investment, supporting infrastructure financing for transformative growth. The institution also works towards developing a deep and liquid market for bonds, loans, and derivatives for infrastructure financing.
The Andhra Pradesh Capital Region Development Authority (APCRDA) is a statutory body established with the mandate of planning, facilitating, and overseeing the development of the Capital Region of Andhra Pradesh. It is a nodal institution driving the creation of Amaravati. APCRDA is committed to the sustainable and inclusive development of Andhra Pradesh's capital region. It has over INR 80,000 crore worth of projects in the process of being taken up. Partnerships with development financial institutions are common for large-scale infrastructure projects, providing expertise in financial structuring and attracting investment for urban development initiatives.
Source- PTI
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