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AIIB likely to lend $3 bn to Andhra Pradesh for development projects

timmy

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timmy LEGEND

timmy

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AIIB likely to lend $3 bn to Andhra Pradesh for development projects

Reddy told AIIB officials that his government intended to utilise these funds to construct ports at Bhavanapadu and Machilipatnam in Srikakulam and Krishna districts, respectively

BS Reporter  |  Hyderabad Last Updated at February 6, 2020 21:44 IST

 
 
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AIIB
Asian Infrastructure Investment Bank Photo: Reuters
 

The Asian Infrastructure Investment Bank (AIIB) on Thursday offered to extend a $3 billion loan to Andhra Pradesh for development projects. This was revealed at a meeting of AIIB representatives with chief minister Y S Jagan Mohan Reddy, according to the chief minister's office.

Reddy told AIIB officials that his government intended to utilise these funds to construct ports at Bhavanapadu and Machilipatnam in Srikakulam and Krishna districts, respectively, apart from other infrastructure projects in the state.

A team consisting of the bank's vice-president and chief investment officer D J Pandian, director general- investment operations, U N Pang and principal social development specialist Somnath Basu visited Amaravati to meet the chief minister.

https://www.business-standard.com/article/economy-policy/aiib-likely-to-lend-3-bn-to-andhra-pradesh-for-development-projects-120020601880_1.html

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bhaigan LEGEND

bhaigan

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9 minutes ago, timmy said:

AIIB likely to lend $3 bn to Andhra Pradesh for development projects

Reddy told AIIB officials that his government intended to utilise these funds to construct ports at Bhavanapadu and Machilipatnam in Srikakulam and Krishna districts, respectively

BS Reporter  |  Hyderabad Last Updated at February 6, 2020 21:44 IST

 
 
Tiny URLAdd to My PagePrint Email
19
 
 
AIIB
Asian Infrastructure Investment Bank Photo: Reuters
 

The Asian Infrastructure Investment Bank (AIIB) on Thursday offered to extend a $3 billion loan to Andhra Pradesh for development projects. This was revealed at a meeting of AIIB representatives with chief minister Y S Jagan Mohan Reddy, according to the chief minister's office.

Reddy told AIIB officials that his government intended to utilise these funds to construct ports at Bhavanapadu and Machilipatnam in Srikakulam and Krishna districts, respectively, apart from other infrastructure projects in the state.

A team consisting of the bank's vice-president and chief investment officer D J Pandian, director general- investment operations, U N Pang and principal social development specialist Somnath Basu visited Amaravati to meet the chief minister.

https://www.business-standard.com/article/economy-policy/aiib-likely-to-lend-3-bn-to-andhra-pradesh-for-development-projects-120020601880_1.html

I posted same news

anyway good going

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TOM_BHAYYA VIP

TOM_BHAYYA

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4 minutes ago, sattipandu said:

Ports nunchi em egumathi sesthaaaru

Singapore ki isaka na Ani maa leader @TOM_BHAYYA asking

 

Actually adhi kuda manchi idea ne antunna jaffas... elaagu vaallu konchem konchem vaalla island penchukuntaru kadha so it will be useful 

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