NaBFID May Partner with Multilateral Banks for Concessional Funds

18 Feb 2025 CW Team

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

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