Odisha, IFC to Build Rs 20,000 Crore PPP Pipeline

Odisha has entered into a strategic collaboration with the International Finance Corporation (IFC), the World Bank Group’s private-sector arm, to develop a pipeline of infrastructure projects through the public–private partnership (PPP) model. The initiative targets projects with a cumulative investment potential of about 2 billion dollars, or nearly ₹20,000 crore.

A Transaction Advisory Services Agreement (TASA) has been signed between the state government and IFC to mobilise private capital for large-scale infrastructure development and strengthen Odisha’s PPP ecosystem. The partnership aims to identify, structure and develop commercially viable, bankable PPP projects across priority sectors of the state economy.

Plan to Develop Around 20 Bankable Projects

Under the agreement, IFC will work with the Odisha government over a one-year period to identify and develop around 20 infrastructure projects across key sectors. The proposed pipeline is expected to be technically, financially and legally structured to attract private participation and reach implementation stage.

The collaboration will focus on creating projects that are ready for investment, with IFC providing transaction advisory services, assessing project opportunities and designing viable structures. By building a strong pipeline of bankable PPP projects, the state aims to significantly scale up private investment in infrastructure.

Focus Sectors: Energy, Logistics, Urban and Mobility

The planned PPP pipeline will cover renewable energy, power transmission, logistics and transport, urban infrastructure and electric mobility. These sectors have been identified to support cleaner energy deployment, strengthen industrial and logistics capacity, improve urban services and accelerate sustainable transport solutions.

Projects in renewable energy are expected to expand clean generation and associated infrastructure using private capital. In logistics and transport, the focus will be on improving connectivity and reinforcing Odisha’s position as an investment and manufacturing destination.

Urban infrastructure and electric mobility are also expected to be major areas of collaboration under the PPP framework. With rapid urbanisation and rising demand for modern public infrastructure, the proposed projects aim to create new assets and services while easing pressure on the public exchequer.

Strengthening Odisha’s PPP Ecosystem

The state government is positioning PPPs as a key tool to supplement public expenditure and tap private-sector expertise, technology and finance for large infrastructure projects. The partnership with IFC is intended to support Odisha’s broader development ambitions, including attracting larger volumes of private investment.

IFC will act as a knowledge and advisory partner, helping the state build a stronger and more effective PPP ecosystem. Its role includes transaction advisory work, project structuring and creating conditions that are conducive for private investors to participate in Odisha’s infrastructure build-out.

The engagement is being treated as a priority by IFC, with the corporation highlighting its intent to make the collaboration effective and contribute to a robust project pipeline in the state. The experience from this initiative is expected to offer a reference model for leveraging international expertise in PPP-driven infrastructure development.