NOB- Amravati news: Ahead of the arrival of funds to the capital Amaravati. CRDA Commissioner K.Bhaskar said that tripartite agreements have been prepared in connection with the Rs.15,000 crore loan provided by World Bank and Asian Development Bank (ADB). He said that the tripartite meeting held in Delhi on 11.11.2024 went smoothly. A lengthy exercise on drafting the agreement took place at the World Bank office in Delhi. Officials of Finance and Law Ministries of Central Government, AP CRDA Commissioner K. Bhaskar, ADCL CMD Lakshmiparthasarathy, Finance Department Officer D.Surendra Representatives of World bank and Asian Development Bank (ADB) participated. Rules have been prepared regarding the loan. The ADB board meeting on December 11th 2024 and the World Bank board meeting on the 17th December 2024 will approve these agreements. After that, 25 percent of the total debt of Rs.15,000 crores i.e. about Rs.3,700 crores will be released as advance by those banks.
