AP govt to set up SPV for Greenfield airport at Amaravati, other key projects
Chief Minister Chandrababu Naidu
Andhra Pradesh government will be setting up a Special Purpose Vehicle (SPV) for various key projects in the capital city of Amaravati.
A proposal in the regard was approved in the 51st meeting of the AP Capital Region Development Authority (CRDA) chaired by Chief Minister N Chandrababu Naidu in Amaravati on Monday.
The SPV would take up prestigious projects in the capital, including the Greenfield Airport, NTR Statue, Sports City, Smart Industries, Riverfront Development, Inner Ring Road and Ropeway.
The Authority also approved land-pooling for the Gems & Jewellery Park as part of the ‘Gold Cluster’ project in Mangalagiri. Specifically, 78 acres at Atmakur near Mangalagiri will be assembled under the Land Pooling Scheme (LPS) the norms for which were also approved.
The Authority further sanctioned ₹904 crore under the Critical Infra and Investment Plan for LPS Zones to strengthen basic amenities like drains, water supply and critical infrastructure works across 29 village panchayats within the capital region.
Other proposals approved in the meeting included removal of the term “assigned” from ownership certificates issued under the Land Pooling Scheme, establishment of a Sewerage Water Treatment Plant in Amaravati with ₹411 crore, setting up a Water Distribution Centre at ₹376.6 crore and allotment of an additional 100 acres each to VIT and SRM universities.
Published on August 18, 2025
