The World Bank, which has dropped its $300 million commitment for the new Andhra Pradesh capital last week, clarified on Sunday that the Indian government withdrew its request to finance the project.
The World Bank, in a statement on its website, said that India on July 15 withdrew its request to the World Bank for financing the proposed Amaravati Sustainable Infrastructure and Institutional Development Project.
"The World Bank's Board of Executive Directors has been informed that the proposed project is no longer under preparation following the government's decision," said the statement.
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The World Bank, which has dropped its $300 million commitment for the new Andhra Pradesh capital last week, clarified on Sunday that the Indian government withdrew its request to finance the project. The World Bank, in a statement on its website, said that India on July 15 withdrew its request to the World Bank for financing the proposed Amaravati Sustainable Infrastructure and Institutional Development Project. "The World Bank's Board of Executive Directors has been informed that the proposed project is no longer under preparation following the government's decision," said the statement.