INCAP signs MoA with IDFC

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Hyderabad, Dec 7 (UNI) The Infrastructure Corporation of Andhra Pradesh (INCAP) has signed a memorandum of Agreement (MoA) with the India PPP Capacity Building Trust, formed by Infrastructure Development Finance Company (IDFC).

According to a release here today, INCAP was the nodal agency of the Andhra Pradesh Government for developing projects on a PPP basis and IDFC was India's largest dedicated infrastructure sevices organisation.

IDFC was the main contributor in the India PPP Capacity Building Trust with an investment of Rs 25 crore, it said.

The MoA, which was signed on November 28, recognises that development of infrastructure on PPP basis was not about financing alone, but needs a properly developed and bankable products, as well as the capacity, to implement projects of various government agencies, the release added.

UNI

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