Bhubaneswar, July 18 (UDN): In a significant push to accelerate infrastructure development, the Odisha government has entered into a strategic partnership with the International Finance Corporation (IFC), the private-sector arm of the World Bank Group, to develop a pipeline of major public-private partnership (PPP) projects worth nearly ₹20,000 crore.

Over the period of one year, IFC will identify at least 20 PPP projects with a cumulative cost of USD 2 billion across renewable energy, transmission, logistics, transport, urban infrastructure, e-mobility and other priority sectors. #ViksitOdisha2036 pic.twitter.com/xydtWg8Gzf

— ChiefSecyOdisha (@SecyChief) July 17, 2026

The state signed a Transaction Advisory Services Agreement (TASA) with IFC on Friday, marking a first-of-its-kind collaboration between the corporation and an Indian state. The agreement is expected to strengthen Odisha’s PPP ecosystem by creating a pipeline of investment-ready infrastructure projects capable of attracting private capital.

Focus on 20 Key Infrastructure Projects

As part of the one-year engagement, IFC will assist the state in identifying, structuring, and preparing around 20 commercially viable infrastructure projects across strategic sectors. The advisory support will include financial, legal, technical, and transaction structuring to ensure projects are bankable and attractive to investors.

The proposed project pipeline spans several high-priority sectors, including:

• Green Energy: Expansion of renewable energy capacity and strengthening of power transmission infrastructure.

• Transport and Logistics: Improving connectivity to support industrial growth and position Odisha as a leading manufacturing and investment destination.

• Urban Infrastructure: Developing modern civic infrastructure to address rapid urbanisation while reducing fiscal pressure on the state.

• Sustainable Mobility: Promoting electric mobility and clean transport solutions.

Strengthening Private Investment

Under the agreement, IFC will provide end-to-end transaction advisory services, helping the government prepare projects that meet global investment standards. The initiative is aimed at mobilising long-term private investment for infrastructure creation and improving project execution through the PPP model.

Chief Secretary Anu Garg said the partnership reflects Odisha’s commitment to leveraging private-sector participation for faster and more sustainable infrastructure development. She noted that the collaboration supports the state’s long-term vision of Viksit Odisha 2036, which seeks to transform Odisha into a globally competitive economy.

Odisha Sets National Benchmark

IFC’s Regional Head of Operations and Acting Regional Director for South Asia, Shalabh Tandon, described the partnership as a priority initiative for the organisation. He said that while IFC is exploring similar collaborations with other states, Odisha’s agreement will serve as the first model for developing large-scale infrastructure projects through structured PPP mechanisms.

With an estimated investment potential of ₹20,000 crore, the partnership is expected to enhance investor confidence, accelerate infrastructure creation, and reinforce Odisha’s emergence as a preferred destination for industrial and economic growth.