HUDCO, YEIDA sign agreement for long-term financial assistance and project consultancy services

State-owned Housing and Urban Development Corporation (HUDCO) has signed a Memorandum of Understanding (MoU) with the Yamuna Expressway Industrial Development Authority (YEIDA), a Government of Uttar Pradesh undertaking, in New Delhi.

This partnership aims to provide long-term financial assistance for various projects along the Yamuna Expressway undertaken by YEIDA, it said.

The MoU was signed by Sanjay Kulshrestha, CMD of HUDCO, and Dr Arun Vir Singh, CEO of YEIDA, in the presence of senior officials from both organisations.

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"The MoU is a collaboration to extend long-term financial assistance in terms of loan towards various projects on both sides of Yamuna Expressway undertaken by YEIDA, to undertake a comprehensive range of Fee-based Consultancy services from concept to commissioning in identified sectors and Project Management Consultancy Services from project conceptualization to completion, at mutually decided terms," HUDCO said in a regulatory filing.

Additionally, HUDCO will offer a comprehensive range of fee-based consultancy services, from project concept to commissioning, and project management consultancy services from conceptualization to completion, under mutually agreed terms.

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