HUDCO signs MoU with (IIFCL)Sanjay Kulshrestha, CMD, HUDCO executed a MoUs with Dr. Padmanabhan Raja Jaishankar, Managing Director, IIFCL, on 6th June 2024 with the aim of reinforcing cooperation and collaboration to leverage respective strengths for extending Infrastructure Co-Financing, Refinancing, Project Management Consultancy Services and Capacity Building activities, subject to compliance with their respective mandates and policies. HUDCO shall co-fund the infrastructure projects being funded by IIFCL, as the case may be, at mutually agreed terms. HUDCO shall also avail refinancing from IIFCL, at mutually agreed terms.
Further, HUDCO shall extend its Project Management Consultancy Services for projects being implemented /funded by IIFCL and capacity building support, wherever required, at mutually decided terms. Separate project specific agreements shall be signed for different projects/activities after deciding the scope of work and other terms & conditions, as mutually agreed upon.
