From planning to funding: NaBFID-PDCOR tie-up to fast-track infrastructure

In a significant move to improve how infrastructure projects are planned and financed across India, National Bank for Financing Infrastructure and Development (NaBFID) has signed a Memorandum of Agreement with Projects Development Company of Rajasthan Limited (PDCOR) , together forming the NaBFID-PDCOR partnership . The collaboration is aimed at strengthening advisory services and enabling smoother financing for state and city-level projects.

At a time when many infrastructure projects face delays due to poor structuring, funding gaps, and complex approval processes , this partnership seeks to bring a more structured and professional approach. The two institutions will jointly work on transaction structuring, technical and commercial due diligence, and facilitating financial closure , key stages that often determine whether a project progresses or stalls.

NaBFID Managing Director Rajkiran Rai G. said the pact is designed to expand access to long-term institutional finance and strengthen the overall advisory ecosystem. He noted that the collaboration will help develop replicable financing frameworks , accelerate financial closures, and improve capital mobilisation across the infrastructure value chain.

NaBFID’s DMD and CFO Monika Kalia emphasised that the tie-up will provide critical advisory support to state governments and urban local bodies , enabling them to deliver impactful and sustainable infrastructure projects.

From PDCOR’s side, CEO Dileep Chingapurath described the agreement as addressing a “long-felt need” for end-to-end professional support . He highlighted that many state agencies struggle with structuring viable projects and accessing finance, and this collaboration aims to simplify funding processes and improve project readiness .

National Bank for Financing Infrastructure and Development (NaBFID) , a dedicated Development Financial Institution, focuses on long-term infrastructure financing needs . Meanwhile, Projects Development Company of Rajasthan Limited (PDCOR) , a Government of Rajasthan undertaking, specialises in project development and advisory services , bringing strong on-ground expertise.

Together, the NaBFID-PDCOR partnership blends financial strength with advisory capability , aiming to improve project preparation, attract institutional capital, and accelerate infrastructure development across states and cities.