Towards structured urban growth and development across the state of Andhra Pradesh, APUDF has been created with the objective to invest in and finance urban local bodies, other urban agencies, and SPVs in developing urban infrastructure projects on commercial basis or on PPP principles. The Fund Manager, Andhra Pradesh Urban Infrastructure Asset Management Ltd (APUIAML), is a joint venture between Government of Andhra Pradesh and IL&FS.

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Innovations and Impact

  1. The fund facilitates integration of complex urban infrastructure projects. Financial resources will be mobilised from various sources like banks and financial institutions, including private sector arms of multilateral and bilateral agencies, and through leveraging government grants and other financial assistances.
  2. APUIAML in addition to being the Fund Manager will also perform the roles of project development, fund management and project management, as well as capacity building of the project companies — an end to end proposition to deliver value for both the state and the investors.
  3. It can re-configure projects towards techno-economically feasible solutions and structure them to make them bankable. It introduces operational efficiencies, strengthens internal controls, brings in best practices in financial reporting, optimizes financing structure and makes efforts to unlock value for projects.
  4. The fund enhances governance capabilities and revenues of urban local bodies (ULBs).

Timeline

July 2016 APUIAML established; conceptualization/development of projects to be funded by APUDF started
2016 Marketing of Fund started
2016 9 projects worth US$ 375 mn in the pipeline

Location

Links

IL&FS Investment Managers Limited (IIML)
Parent company for APUIAML

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