Govt to sign MoU with IIFCL for infrastructure development in state

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NT NETWORK

Panaji

The Goa government will sign a memorandum of understanding (MoU) with the India Infrastructure Finance Company Ltd (IIFCL) for infrastructure development in the state.

Chief Minister Pramod Sawant on Wednesday met the Managing Director of IIFCL Padmanabhan Raja Jaishankar and his team and discussed about collaboration for infrastructure development, central sector funding, project structuring and project financing in various sectors.

After the meeting the Chief Minister said that it is proposed to sign a MoU between the Government of Goa and IIFCL shortly.

IIFCL is a wholly-owned Government of India company set up to provide long term finance to viable infrastructure projects through the Scheme for Financing Viable Infrastructure Projects through a Special Purpose Vehicle called India Infrastructure Finance Company Ltd (IIFCL).

The sectors eligible for financial assistance from IIFCL are as per the harmonised list of Infrastructure Sub-Sectors as approved by the Government and RBI and as amended from time to time. These broadly include transportation, energy, water, and sanitation, and communication, social and commercial infrastructure.

Meanwhile, the Chief Minister Pramod Sawant met the advisor, NITI Aayog Samyukta Samaddar regarding review of progress of Sustainable Development Goals (SDG).

Sawant said that NITI Aayog advisor reaffirmed his government’s commitment towards progress in this decade for developing new developmental models, embracing diversity, protecting biodiversity, achieving gender equality and fulfilling promise of SDGs.