MANILA, Dec. 12 (Xinhua) -- The Asian Development Bank (ADB) on Thursday said it has approved a results-based loan of 788.8 million U.S. dollars to the Indian state of Andhra Pradesh to boost infrastructure development in its capital city Amaravati.
The ADB said the Amaravati Inclusive and Sustainable Capital City Development Program is designed to transform the city into a growth hub for the region, enhancing economic prospects, providing job opportunities, and improving residents' living conditions.
The bank added that public investments will focus on key infrastructure development, including trunk infrastructure, government complexes, and neighborhood infrastructure, benefiting farmers who are stakeholders under the land pooling schemes.
The program is expected to improve access to infrastructure and green spaces, water and sanitation services, low-carbon transport infrastructure, and improve drainage systems to mitigate flood risks. ■