Finance department officials hands over the Budget documents to Finance Minister Payyavula Keshav on February 14, 2026. Photo: Special Arrangement
Finance Minister Payyavula Keshav proposed to allocate ₹14,539 crore to the Department of Municipal Administration and Urban Development for 2026-27, while explaining about the progress of the Amaravati Capital City, during his Budget speech at Assembly in Saturday.
He thanked the Prime Minister Narendra Modi for supporting the development of people’s capital Amaravati and also initiating the process to introduce legislation to accord statutory status to Amaravati as the permanent capital of Andhra Pradesh.
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The works are advancing at a rapid pace as funds have been tied up on a self-sustaining model from various financial institutions. He said that the government have given administrative sanction for 97 works worth ₹57,868 crore.
Finance Minister said that this speaks volumes about the commitment of State government to build the people’s capital Amaravati. The launch of Amaravati Quantum Valley, with a Quantum Computing Centre positions Andhra Pradesh at the forefront of deep-tech innovation, Finance Minister observed.
The way in which the 1990s generation of Andhra Pradesh benefited from the IT revolution, today’s youth will benefit from these frontier revolutions tomorrow, he added.
Published – February 14, 2026 12:33 pm IST
