National Bank for Finance Infrastructure and Development (NaBFID) has signed a memorandum of agreement with Project Development Corporation of Rajasthan Limited (PDCOR) to enhance advisory services for state and city level infrastructure projects.The agreement will also allow both organizations to jointly explore financing and transaction advisory opportunities, including transaction structuring, commercial and technical due diligence, and financial close support for projects undertaken by state governments and urban local bodies across India, according to PTI.“This collaboration seeks to enhance access to long-term institutional financing for state governments and urban local bodies, while strengthening the infrastructure advisory and financing ecosystem,” Rajkiran Rai G,
said the Director General of NaBFID.He added that the partnership will help the two institutions jointly pursue project advisory opportunities, develop replicable financing frameworks, accelerate financial closes, and mobilize capital across the infrastructure value chain.The partnership will leverage the strengths of both organizations to provide much-needed advisory support to states and urban local bodies for impactful urban infrastructure projects, said Monica Kalia, DMD-CFO, NaBFID.
Dilip Chengapurath, CEO, PDCOR, said the agreement will address the long-standing need for comprehensive professional support to structure and mobilize sustainable financing solutions, especially for state governments and their agencies.“Through this cooperation, the two institutions aim to improve the quality of project preparation, mobilize institutional capital more effectively and accelerate the implementation of sustainable infrastructure projects across states and municipalities,” he said.NaBFID is a development financial institution focusing on long-term infrastructure financing, while PDCOR is an institution of the Government of Rajasthan.
