The International Finance Corporation is ready to assist the Maharashtra Urban Infrastructure Development Company in promoting public-private collaborations in infrastructure projects. The World Bank agency will render advice in the preparation of business and financial plans as well as in determining capacity building needs. “There are two key areas we need assistance on priority: an efficient transportation system and improved water supply. These are critical to boosting the state’s growth and economic development,” according to MUIDCL Managing Director Sanjay Ubale. “Successful examples worldwide indicate that public-private partnerships are useful in opening up markets and for mobilizing public and private sources,” World Bank group executive director and India’s representative on IFC’s board Dhanendra Kumar remarked.
Source: IFC to advise Maharashtra on infrastructure development (TNN)