Indian Railway Finance Corporation (IRFC) has entered into a strategic Tripartite Memorandum of Understanding (MoU) with V.O. Chidambaranar Port Authority (VOCPA) and Sagarmala Finance Corporation (SMFC) to jointly support financing of large-scale port and multimodal infrastructure projects.

The MoU brings together IRFC’s strong capital market access and long-tenor financing capabilities with SMFC’s maritime sector expertise and VOCPA’s large-scale port expansion programme under the Sagarmala initiative and PM Gati Shakti National Master Plan.

The collaboration underscores IRFC’s evolving role as a key enabler of India’s integrated transport infrastructure ecosystem, supporting sustainable growth, improved logistics efficiency, and long-term economic development. The partnership aims to jointly explore structured financing for the Development of the Outer Harbour Project at V.O. Chidambaranar Port, along with other port-led and multimodal connectivity projects.

Indian Railway Finance Corporation (IRFC) is the dedicated market borrowing arm of the Indian Railways.