The New Development Bank (NDB) has evinced interest to fund development projects in Andhra Pradesh capital Amaravati. The New Development Bank, formerly known as the BRICS Development Bank, is a multilateral development bank established by the BRICS nations. New Development Bank vice-president and cooperation officer Xian Zhu, executive assistant to vice-president Ningqian Zhang, and project financing officers Jianshiyao, Garvit Sah and Ninad Rajpurkar on Wednesday met Andhra Pradesh chief minister N Chandrababu Naidu and evinced interest to fund construction of Amaravati besides a few R&B projects.
As part of project proposal, the roads and buildings department has proposed two projects — AP Mandal connectivity and rural connectivity improvement project and AP roads and bridges construction project (APRBRP) to the NDB under externally-aided projects.