ONI Bureau: Odisha Government on Tuesday signrd an Memorandum of Understanding (MoU) with KfW, a a German Bank for strengthening urban infrastructure in the State.
The Odisha Urban Infrastructure Development Fund under Housing and Urban Development Department inked the pact with a German bank in presence of Chief Minister Naveen Patnaik at the State Secretariat.
The pact was inked for a long-term concessional loan of Rs 440 crore that will be paid over a period of 10 years commencing from December 2022.