NaBFID May Partner with Multilateral Banks for Concessional Funds
ECONOMY & POLICY

NaBFID May Partner with Multilateral Banks for Concessional Funds

The National Bank for Financing Infrastructure and Development (NaBFID) is seeking to collaborate with multilateral funding agencies to promote blended finance for the development of urban infrastructure and the financing of sustainable projects by urban local bodies. Blended finance utilizes catalytic capital from public or philanthropic sources to attract private sector investment in sustainable development projects, thereby reducing the cost of funds and making financing more affordable for such projects compared to traditional funding options.

NaBFID, a state-owned institution established in 2021, is exploring new avenues for financing urban infrastructure, including the possibility of pool finance structures for municipal finances. These structures could help in raising resources for the development of urban infrastructure. The institution’s primary goal is to address gaps in long-term non-recourse financing for infrastructure projects, foster the growth of bonds and derivatives markets in India, and contribute to the country’s economic development in a sustainable manner.

In addition to its financing role, NaBFID is focused on facilitating public-private partnerships (PPP) by providing transaction advisory services. This would help design investable structures that attract both public and private sector participation in infrastructure development projects. Through these initiatives, NaBFID aims to support the financing of critical urban infrastructure and sustainable development projects across the country, contributing to the long-term growth and resilience of India's urban landscape.

News source: NDTV Profit

The National Bank for Financing Infrastructure and Development (NaBFID) is seeking to collaborate with multilateral funding agencies to promote blended finance for the development of urban infrastructure and the financing of sustainable projects by urban local bodies. Blended finance utilizes catalytic capital from public or philanthropic sources to attract private sector investment in sustainable development projects, thereby reducing the cost of funds and making financing more affordable for such projects compared to traditional funding options. NaBFID, a state-owned institution established in 2021, is exploring new avenues for financing urban infrastructure, including the possibility of pool finance structures for municipal finances. These structures could help in raising resources for the development of urban infrastructure. The institution’s primary goal is to address gaps in long-term non-recourse financing for infrastructure projects, foster the growth of bonds and derivatives markets in India, and contribute to the country’s economic development in a sustainable manner. In addition to its financing role, NaBFID is focused on facilitating public-private partnerships (PPP) by providing transaction advisory services. This would help design investable structures that attract both public and private sector participation in infrastructure development projects. Through these initiatives, NaBFID aims to support the financing of critical urban infrastructure and sustainable development projects across the country, contributing to the long-term growth and resilience of India's urban landscape. News source: NDTV Profit

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Hexalog Appoints Vishal Shukla as Chief Transformation Officer

Hexalog, a cross-border supply chain and logistics company, has appointed Vishal Shukla as Chief Transformation Officer (CTO) to lead its operational transformation, technology adoption and expansion into new international markets.In his new role, Shukla will oversee the company's transformation strategy across operations, technology, product development and business expansion. His responsibilities include standardising processes, developing scalable operating models, strengthening existing trade corridors and introducing new fulfilment solutions for cross-border businesses.Shukla brings nearl..

Next Story
Real Estate

Dhuleva Group Awards 80-Storey Tower Contract to Eversendai

Dhuleva Group has awarded the core and shell structural construction contract for Dhuleva One50, an upcoming 80-storey ultra-luxury residential tower in South Mumbai, to Malaysia-based engineering and construction company Eversendai.Located near the Babulnath district, the development is planned as a high-rise residential landmark offering panoramic views of the Arabian Sea and Mumbai's skyline. The project will combine contemporary architecture with advanced engineering and premium residential facilities.Eversendai will undertake the structural construction works, drawing on its experience in..

Next Story
Building Material

Nuvoco Marks 10 Years, Targets 35 MMTPA Capacity by FY28

Nuvoco Vistas Corporation Limited is celebrating a decade of operations under the theme ‘Dus Saal Bemisaal’, highlighting its expansion in India's building materials sector. The company has grown from a single cement manufacturing facility into a diversified organisation operating across cement, ready-mix concrete (RMC) and modern building materials.The company's journey began in 2014 when its parent, Nirma Group, commissioned a 2 million metric tonnes per annum (MMTPA) greenfield cement plant at Nimbol, Rajasthan. A major milestone followed in October 2016 with the acquisition of Lafarge ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code