The World Bank has released $340 million for the Amaravati Capital Phase-I development in Andhra Pradesh, India, with a senior state official indicating that an additional $150 million could be disbursed by the end of April 2026. This funding is part of a larger commitment of $1.6 billion from the World Bank and the Asian Development Bank, aimed at establishing Amaravati as a growth hub and inclusive city. The loan carries an interest rate of 8 to 8.5%, with repayments starting on June 15, 2031. The Amaravati Integrated Urban Development Programme (AIUDP) focuses on strengthening institutions, enhancing urban governance, and creating job opportunities, particularly for women and youth. Infrastructure projects, including road networks and flood management systems, are already underway, with over 35% of flood management works completed. The World Bank aims to leverage international best practices to ensure Amaravati becomes a climate-resilient city that improves the quality of life for its residents.