Technical Assistance for Government Debt & Infrastructure Finance - India IFT

Under the auspices of the U.S. - India Economic & Financial Partnership, OTA's engagement in India supports infrastructure development through its collaboration with the Pune Municipal Corporation (PMC) and the National Investment and Infrastructure Fund (NIIF).

With the PMC, OTA intends to provide technical advice towards on the following: (1) Preparation of a funding options analysis for various infrastructure projects identified in PMCs five year plan, with an initial focus on a water supply project, to include a pilot municipal bond and multilateral line of credit. (2) Identification of available revenue streams to finance project and/or repay debt, including revenue stability, potential for growth, and credit quality implications. (3) Development of a debt capacity analysis for Pune, if required for general obligation type bonds. (4) If a decision is made to undertake a pilot municipal bond, OTA intends to advise and assist on bond structuring options and provisions that are most likely to succeed given the credit quality of the issuer, legal and regulatory framework, and investor preferences and requirements.

With NIIF, OTA's focus will be to support India's i