A first-of-its-kind day-long roadshow 'Brand Canada' by Indo-Canadian Business Chamber and Air Canada reached out to the business and trade community here, showcasing areas of partnership
Project to cost firm Rs 8 cr; East Coast Railways, Bhubaneswar Smart City will be important stakeholders
Bhubaneswar Smart City Ltd (BSCL), the special purpose vehicle for Bhubaneswar Smart City project, is set to forge a partnership with International Finance Corporation (IFC), the private sector arm of the World Bank Group (WBG), to transform the capital of Odisha into a smart city.Bhubaneswar had emerged as the numero uno among the 20 winners of the Smart City Challenge competition held last year." We had proposed to partner with IFC to make Bhubaneswar a smart city. The basic objective was that IFC will play the role of technical transaction adviser for the projects to be developed in public-private partnership (PPP) mode", said an official of the BSCL.More importantly, IFC will help us in developing an ideal institutional financing model for smart city SPV that will enable the projects to get viable financing and guide projects to develop bankability for attracting finances, he added.It may be noted that the Department of Economic Affairs under the Ministry of Finance has ...