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World Bank 'Drops' $300 million funding for Amravati Project

A major blow to Andhra Pradesh as the world bank just dropped out of Amravati project! The world bank decided against funding $300 million for Chandrababu Naidu's dream capital Amravati project. Ex-CM Naidu had sought a loan from the bank for infrastructure development in the capital under the Amaravati Sustainable Capital City Development Project; Amaravati Sustainable Infrastructure & Institutional Development Project.