<ul><li>The Central Government has released over Rs 4,200 crore to Andhra Pradesh for Amaravati Capital Development project after it received the first disbursement of $205 million from the World Bank.</li><li>The World Bank and Asian Development Bank together committed to fund Rs 13,600 crore for Amaravati capital city phase-I development, while the Centre will be contributing Rs 1,400 crore for phase-I of the development.</li><li>The Centre has agreed to give 25% of the total committed amount as 'Mobilisation Advance', and the amount that was released is under this head.</li><li>The next instalment of the committed amount will be released after the state government shows some progress and submits bills or utilization certificates.</li></ul>

Centre Releases Over Rs 4,200 Crore To Andhra For Amaravati Capital Project

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