Assam Government, NABARD and AIFA signed MoU of Rs 13,200-Crore for Infrastructure

GUWAHATI: In a move to give a boost to execute development projects in the state, the State Government, NABARD and AIFA (Assam Infrastructure Financing Authority) signed an MoU here today in the presence of chief Minister Himanta Biswa Sarma and his Cabinet colleagues.

The MoU involving Rs 13,200 crore will essentially be used for infrastructural development for NABARD Infrastructure Development Assistance (NIDA) and Rural Infrastructure Assistance to State Government (RIAS) in rural and semi-urban areas across the state.

Chief Minister Himanta Biswa Sarma termed the day historic as he hoped that the MoU would usher in a new era of development in the state. He also said that the MoU would launch a series of capital-intensive projects to bring about a paradigm shift in the development narrative of the state.

The Chief Minister said that the MoU which will witness pumping in Rs 13,200 crore for bringing about infrastructural development particularly about the academic landscape of the state, among other sectors across the state, will also promote and build an infrastructural empowerment narrative. Giving a snapshot of all the infrastructural development works which will be an offshoot of the MoU, Sarma said that engineering colleges, medical colleges, universities, schools, stadia, tourism centres, cold storage would be built in the state over the next three years.

Finance Minister Ajanta Neog said that as offshoot to the MoU, various capital intensive projects will be launched which will steer the state to a new path of development.

Deputy Managing Director, NABARD PVS Suryakumar thanked Chief Minister Himanta Biswa Sarma for accepting the proposal of the NABARD and setting the stage for signing the understanding within a very short period, a press release said.

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