SBI-NIIF inks joint venture for infra financing

In a major move in the infrastructure financing segment, the State Bank of India and National Infrastructure Investment Fund (NIF) have tied up to provide smooth infrastructure financing across sectors. The two institutions have signed a MoU to make equity investments, project funding, bond financing, renewable energy support and take-out finance for operating assets. The tie up aims to fill the gap at a time when the availability of equity and debt financing for infrastructure has moderated, said CMD, NIIF, Sujoy Bose. He informed that availability of post-construction take-out equity and debt financing for developers and builders of infrastructure projects will play an important role in infra development in India. The mega JV with SBI will allow designing large-scale and long-term financing solutions.