Jaipur, Apr 18 (PTI) The National Bank for Financing Infrastructure and Development has signed a Memorandum of Agreement with Projects Development Company of Rajasthan Limited (PDCOR) to strengthen advisory services for state and city-level infrastructure projects.
The MoA also enables both institutions to jointly explore financing and transaction advisory opportunities, including cooperation on transaction structuring, commercial and technical due diligence, and the facilitation of financial closure for infrastructure projects undertaken by State Governments and Urban Local Bodies(ULBs) across India, a joint statement said.
“This collaboration seeks to enhance access to long-term institutional finance for State Governments and Urban Local Bodies,
while strengthening the infrastructure advisory and financing ecosystem,” Rajkiran Rai G. Managing Director of NaBFID said.
He said that it will enable both institutions to jointly pursue project advisory opportunities, develop replicable financing frameworks, accelerate financial closures and mobilise capital across the infrastructure value chain.
Monika Kalia, DMD-CFO, NaBFID said that the partnership shall leverage the capabilities of Institution and PDCOR, for providing much needed advisory support to state governments and ULBs in delivering impactful urban infrastructure projects.
Dileep Chingapurath, Chief Executive Officer, PDCOR, said that the agreement will strive to address the long-felt need for providing end-to-end professional support to structure and mobilise sustainable financing solutions to infrastructure development, especially by state governments and their agencies to help their infrastructure projects access efficient financing to accelerate infrastructure development.
“Through this collaboration, both institutions aim to enhance the quality of project preparation, mobilise institutional capital more effectively and accelerate the implementation of sustainable infrastructure projects across states and municipalities,” he said.
The National Bank for Financing Infrastructure and Development is a Development Financial Institution (DFI) and dedicated to accelerating the development of India’s infrastructure ecosystem by addressing the long-term financing needs of the sector while PDCOR Limited is an undertaking of the Government of Rajasthan. PTI SDA MR
