Indian Railway Finance Corporation (IRFC) has signed a Memorandum of Understanding (MoU) with India Infrastructure Finance Company (IIFCL), a Public Sector Enterprise under the Ministry of Finance, to strengthen cooperation in financing railway infrastructure projects with forward and backward linkages to Indian Railways sector. Through this MoU, IRFC and IIFCL plan to amplify each other’s capabilities, enabling them to jointly leverage the financing opportunities for viable infrastructure projects.
The MoU shall also enable both IRFC & IIFCL, being premier and established financing institutions in their respective domains, to scale-up their capabilities and explore such funding opportunities together by combining their competence & expertise. The MoU will benefit both IRFC and IIFCL to capitalize on each other’s expertise in infrastructure project financing, project due diligence, syndication, credit enhancement, re-financing etc.
IRFC was incorporated as the dedicated market borrowing arm for the Indian Railways and has played a strategic role in financing the latter's operations.
