VPC maximum size is more than /16 in ipv4?

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The maximum size of any single IPV4 network in a AWS VPC is /16. That is 256*256 (65,536 IP addresses). As per your config, your first network is 172.31.0.0/16

However, you can have additional networks in your VPC, as you have with your second network in you config (172.32.0.0/16).

(The number of such additional networks is limited to 5 - however this is adjustable by contacting the AWS support staff)

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