# ADB Extends $788.8 Million Loan for Amaravati Green Capital Development
"The Asian Development Bank (ADB) has approved a significant loan of $788.8 million to support the development of Amaravati, the proposed green capital city of Andhra Pradesh, India. The loan is part of a broader initiative to transform Amaravati into a sustainable and eco-friendly urban center, focusing on smart infrastructure, energy-efficient buildings, and sustainable transportation systems. This strategic financial support from the ADB will play a pivotal role in realizing the vision of a green, low-carbon city that promotes environmental conservation and climate resilience.

The project aims to enhance the city’s infrastructure while ensuring that it remains environmentally conscious. Key aspects of the development will include the construction of energy-efficient buildings, the creation of green spaces, and the establishment of waste management and water recycling systems. Additionally, the loan will be used to implement solar energy projects and promote the use of electric vehicles, helping to reduce the city’s carbon footprint. The funding also aims to strengthen the resilience of Amaravati to climate change impacts, such as flooding and rising temperatures, through climate-smart urban planning and infrastructure.

The Amaravati Green Capital project is aligned with India's commitment to sustainable urbanization and climate action, as part of its broader efforts to meet global climate targets. The loan will also contribute to economic growth in the region, creating thousands of jobs and boosting local industries. This partnership with the ADB underscores the importance of international collaboration in building sustainable cities that prioritize environmental stewardship while promoting social and economic development.

The ADB’s loan for Amaravati’s development marks a significant step in India’s push to create more sustainable, climate-resilient urban spaces. As the city continues to evolve, it aims to serve as a model for future urban developments in India and around the world, showcasing how green capital cities can balance development with environmental responsibility."
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