NaBFID backs Andhra’s capital vision with finance plan

By Vriti Gothi

The National Bank for Financing Infrastructure and Development (NaBFID) has signed a Memorandum of Understanding (MoU) with the Andhra Pradesh Capital Region Development Authority (APCRDA) to accelerate the development of Amaravati as a world-class capital city.

The agreement, inked in the presence of the Hon’ble Chief Minister of Andhra Pradesh, Shri N. Chandrababu Naidu, helps the state’s journey to build future-ready, resilient urban infrastructure.

Under this strategic partnership, NaBFID will act as the Transaction Advisor for APCRDA, delivering comprehensive financial advisory services that will shape the capital region’s long-term infrastructure blueprint. The collaboration will focus on designing robust financial strategies, evaluating diverse implementation models including Public-Private Partnerships (PPP) and unlocking innovative monetisation opportunities for available land assets across Amaravati.

Through this engagement, NaBFID will also provide end-to-end support in structuring viable financial models, identifying sustainable revenue streams, and facilitating dialogue with key stakeholders and potential investors. This customer-centric approach aims to optimise capital deployment while aligning with the state’s vision of creating a vibrant, service-oriented urban ecosystem.

Mr. Rajkiran Rai G., Managing Director at NaBFID, said, “We are pleased to join hands with APCRDA in its mission to develop Amaravati into a thriving, future-ready capital. Through our Transaction Advisory Services, we intend to unlock innovative and sustainable financing models that will power critical infrastructure projects for the city’s growth. This partnership underscores our shared commitment to enabling structured development that catalyses economic opportunities and enhances the quality of life for citizens.”

Mr. K. Kannababu, Commissioner, APCRDA, said, “The transformation of Amaravati into the capital city is a cornerstone initiative for the Government of Andhra Pradesh. This MoU with NaBFID represents a strategic leap forward in building a robust financial ecosystem that can support high-impact infrastructure projects. By leveraging NaBFID’s deep expertise in infrastructure financing and advisory, APCRDA aims to deliver well-planned, sustainable developments that are aligned with our broader vision for a modern, greenfield capital.”

Looking ahead, this collaboration is expected to strengthen Amaravati’s position as a model urban centre, equipped with resilient infrastructure and designed to attract significant private investment. The partnership exemplifies a forward-thinking approach that integrates digital transformation, strategic capital mobilisation, and inclusive stakeholder engagement, paving the way for Andhra Pradesh’s continued leadership in sustainable urban development.