Andhra govt signs MoU with NaBFID for transaction advisory services

Hyderabad: The Andhra Pradesh Capital Region Development Authority (APCRDA) has entered into a Memorandum of Understanding (MoU) with the National Bank for Financing Infrastructure and Development (NaBFID) for Transaction Advisory Services (TAS), on Friday.

Acting as a strategic advisor, the institution will help APCRDA design a high-impact financial blueprint for infrastructure projects in Amaravati, the capital city of Andhra Pradesh.

As part of the advisory support, the institution will assist in formulating financial strategy and evaluating various implementation models, including Public-Private Partnerships (PPP), for multiple infrastructure projects across the region. The institution will also help in identifying potential revenue sources along with exploring monetization options for available land assets.

Additionally, NaBFID will engage with APCRDA in formulating financial models and extend advisory support for engaging relevant stakeholders and potential investors.

This partnership aims to craft an effective financial roadmap for Amaravati aligned with the city's long-term development goals and priorities.

“We are pleased to collaborate with APCRDA in its mission to build world-class infrastructure for Amaravati. Through our Transaction Advisory Services, we aim to unlock innovative financing models for key infrastructure projects in the capital region. This engagement reflects our shared objective of enabling structured development and contributing to the creation of robust, service-oriented urban infrastructure,” said Speaking on the partnership, National Bank for Financing Infrastructure and Development, Managing Director, Rajkiran Rai G.

APCRDA Commissioner, K Kannababu, said that the development of Amaravati as the capital city is a major initiative of the Andhra Pradesh Government. The MoU with National Bank for Financing Infrastructure and Development marks a significant step towards strengthening the financial ecosystem for development of the infrastructure assets in the greenfield capital city.

“With the institution’s expertise in infrastructure advisory and financing, APCRDA aims to implement well-structured development projects with optimized capital deployment,” he said.

National Bank for Financing Infrastructure and Development is a Development Financial Institution (DFI) established in April 2021.

The institution is dedicated to accelerating the development of India's infrastructure ecosystem by addressing the long-term financing needs of the sector.

The institution plays a pivotal role in driving the nation's economic growth and fostering sustainable development. It is committed towards its vision of becoming a strong provider of impact investment, catalysing infrastructure financing for transformative growth of India.