Joint Venture21 Aug 2024, 09:22 pm
HUDCO Signs MoU with Yamuna Expressway Industrial Development Authority for Long-term Financial Assistance and Consultancy Services
AI Summary
Housing and Urban Development Corporation Ltd. (HUDCO), a Government of India Enterprise, has signed a Memorandum of Understanding (MoU) with Yamuna Expressway Industrial Development Authority (YEIDA), a Government of Uttar Pradesh Undertaking. The MoU, signed on 21st August, 2024, aims to extend long-term financial assistance in the form of a loan towards various projects on both sides of Yamuna Expressway undertaken by YEIDA. It also includes undertaking a comprehensive range of fee-based consultancy services from concept to commissioning in identified sectors and project management consultancy services from project conceptualisation to completion, at mutually decided terms.
Key Highlights
- HUDCO and YEIDA sign MoU for long-term financial assistance and consultancy services.
- The MoU aims to provide financial assistance in the form of a loan towards various projects on both sides of Yamuna Expressway undertaken by YEIDA.
- HUDCO will also provide a comprehensive range of fee-based consultancy services from concept to commissioning in identified sectors.
- Project Management Consultancy Services will be provided from project conceptualisation to completion.
- The MoU was signed by Shri Sanjay Kulshrestha, CMD, HUDCO and Dr. Arun Vir Singh, Chief Executive Officer, YEIDA.