<h1>Two multilateral lenders pledge $800M each for Phase I of state capital development; $200M tranche due by year-end</h1> An international development bank and a second multilateral lender have each committed USD 800 million for Phase I of a state capital's development, with the first lender expected to disburse a second USD 200 million tranche by year-end. Disbursement of the next tranche is conditional on the state implementing agency spending 75% of an initial program advance; regular verification by lender teams and field inspections are ongoing. The central government department is the formal borrower while the state capital regional development authority is the implementing agency; lenders have reported satisfactory implementation and achievement of specified disbursement-linked results.