About Us

Government of Andhra Pradesh is embarking on a journey to bring about an inclusive double digit growth. Urbanization with cities as the engines of growth would be one of the main pillars for achieving this target under the dynamic leadership of Honorable Chief Minister of Andhra Pradesh Shri Nara Chandra Babu Naidu.

Andhra Pradesh currently has an urban population of about 15 million, constituting about 30% of the total population. This is expected to grow more than double by 2050, wherein nearly 35/40 million people are likely to move to urban areas.

To meet the challenge, a comprehensive plan and Urban Reform Program is being evolved on a State-wide basis, which would leverage the support provided by the GoI for the new Capital City, Smart City, AMRUT and Swachh Bharat Missions. Over all 16 Smart Cities are to be developed in the State along with a few new industrial / economic Cities. To meet the challenge, an investment requirement of over Rs. 2 lakh Crore is envisaged over the next 20 years across all Urban Local Bodies of the state.

A lot of interest has been evinced by various International and Domestic Financial Institutions to support the State in this Urban Program. However, to enable their participation, adequate capacity needs to be created in the Urban Local Bodies (ULBs) in AP. The State has, therefore, established new Institutional Frameworks to enable flow of long term funds for Urban Development in the State. These include formation of a Joint Venture Company in the name of Andhra Pradesh Urban Infrastructure Asset Management Limited (APUIAML) in May 2016 between Government of Andhra Pradesh and the IL&FS Group to Facilitate the Development, Financing and Implementation of Urban Infrastructure Projects in the State. The joint venture is mandated to deliver Integrated Project development, Supervision of Procurement and Project Implementation and arrange a mix of Financing from Private and Public sources for Urban Services like Water Supply, Sewerage, Urban Transport, Solid Waste Management, Smart Cities, Water Front Development, etc.

The Company has started its operations in Vijayawada and developed strong Pipeline of Projects for Investment purpose. Requisite approvals and clearance has been accorded by GoAP in form of Government Order (GO) for Fund and Project duly approved by State Council of Ministers. The Board of Directors of APUIAML is headed by the Chief Secretary and also includes Special Chief Secretary and Principal Secretaries of Finance and Urban Departments of the State and Senior Management of IL&FS. Independent Directors on the Board include eminent experts like Dr. S Narayan, Former Economic Advisor to the Prime Minister, Shri RS Reddy, Former CMD, Andhra Bank and Shri Kutumba Rao, Vice-Chairman, Andhra Pradesh State Planning Board.

Further, a dedicated Professional team with the requisite skill sets has been placed in APUIAML on full time basis at Vijayawada. APUIAML will also act as an Asset Management Company (AMC) which is setting up, Institutionalize and Manage a Fund by the name of Andhra Pradesh Urban Development Fund (APUDF). The Fund would be mobilized by Leveraging Central and State Government's budgetary allocations to raise resources from Banks and Financial Institutions, Private Sector arms of Multilateral and Bilateral Agencies, Pension and Sovereign Wealth Funds, BRICS Bank, ADB, AIIB, Financial Instruments in the Capital Markets, etc. The APUDF is being registered as AIF-Category II fund with the Securities and Exchange Board of India (SEBI).

The entities eligible for funding (i.e. project proponents) from the APUDF will include Urban Local Bodies, Development Authorities, Parastatal utility agencies and SPVs set up for PPP and Non-PPP projects.