SBI, NIIF sign MoU for infrastructure projects boost

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The State Bank of India and the government-anchored fund manager National Investment and Infrastructure Fund (NIIF) have signed a memorandum of understanding (MoU) that aims to boost the capital investment for various infrastructure projects across various sectors. 

The coverage of the MoU includes capital investment, project funding, bond financing, renewable energy support and take-out finance for operating assets. The initiatives aim to fill the gap at a time when the availability of equity and debt financing for infrastructure has moderated. 

NIIF’s partnership with SBI will allow the Fund to design large-scale, long-term financing solutions to address the need in post-construction take-out equity and debt financing for developers and builders of infrastructure projects. The pact is expected to address concerns relating to the availability of equity and long-term debt funding options to large scale projects, thereby stimulating infrastructure development. The partnership will also explore new avenues of financing renewable energy projects.

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