IRFC, Tuticorin Port, Sagarmala Finance Partner for Major Infrastructure Projects

• IRFC, V.O. Chidambaranar Port Authority (VOCPA), and Sagarmala Finance Corporation Ltd (SMFC) signed a tripartite MoU.
• The agreement aims to finance the Outer Harbour Development Project at Tuticorin Port and other large multimodal infrastructure initiatives.
• The collaboration will explore structured financing solutions for port-led and connectivity projects under the Sagarmala Programme and PM Gati Shakti National Master Plan.
• The MoU was signed in New Delhi in the presence of Union Ministers Ashwini Vaishnaw and Sarbananda Sonowal, emphasizing integrated transport.
• IRFC CMD Manoj Kumar Dubey highlighted the shift towards IRFC becoming a diversified national infrastructure financier, focusing on integrated financing across sectors.

Why It Matters: IRFC, Tuticorin Port, and Sagarmala Finance unite to boost India's multimodal infrastructure and logistics.