7 months ago
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The Government of Andhra Pradesh has permitted the A.P. Capital Region Development Authority (APCRDA) to signifier a Special Purpose Vehicle (SPV) nether the Companies Act for the “development, implementation, operation, and absorption of peculiar projects successful the Amaravati superior metropolis and region.”
With this, the superior metropolis works volition beryllium shared among the APCRDA, the Amaravati Development Corporation, and the SPV.
The authorities has identified definite peculiar projects, which see a greenfield airport, NTR’s statue, astute industries, iconic bridge, Sports City, riverfront development, ropeway, and Inner Ring Road (IRR). In summation to these, the SPV volition enactment connected different peculiar projects to beryllium identified from clip to clip by the State government, oregon the APCRDA.
Most of the improvement projects projected for the SPV are successful 2nd signifier of the superior metropolis development, which falls nether the Land Pooling Scheme (LPS) 2.0.
Principal Secretary, Municipal Administration and Urban Development, S. Suresh Kumar, had issued a G.O (MS No. 206) connected October 7, 2025, stating that the SPV would person an archetypal authorised superior of ₹10 crore, which mightiness beryllium enhanced from clip to time, based connected the decisions of the Board of Directors of the SPV with the support of the government.
It would person an archetypal paid-up stock superior of ₹1 crore divided into 10,00,000 fig of equity shares of ₹10 each.
Among the shareholders, the Government of Andhra Pradesh, represented by the Principal Secretary to the Municipal Administration & Urban Development Department, would clasp 99.99% of the equity. The remaining 0.01% of the equity would beryllium shared by the APCRDA and different nominated authorities officers oregon agencies successful bid to fulfill the requirements of the Companies Act-2013 for the incorporation of the SPV.
The Board of Directors would comprise the Principal Secretary of MAUD (non-executive chairperson), and the Principal Secretaries of Finance, Energy, Transport, and Industries, and the Commissioner of APCRDA arsenic directors of the SPV.
