Indian Railway Finance Corporation Limited (IRFC), a Navratna Central Public Sector Enterprise, has entered into a strategic Tripartite Memorandum of Understanding (MoU) with V.O. Chidambaranar Port Authority (VOCPA) and Sagarmala Finance Corporation Limited (SMFC). The MoU, signed on 3rd February 2026, aims to jointly support the financing of large-scale port and multimodal infrastructure projects, including the Development of the Outer Harbour Project at V.O. Chidambaranar Port. This collaboration signifies IRFC's strategic transition into a diversified national infrastructure financier, extending its financing expertise to support port-led development seamlessly connected with rail infrastructure. The partnership brings together IRFC's capital market access and financing capabilities with SMFC's maritime sector expertise and VOCPA's port expansion program under the Sagarmala initiative and PM Gati Shakti National Master Plan. The signing ceremony was attended by Union Ministers Shri Ashwini Vaishnaw and Shri Sarbananda Sonowal, highlighting the government's focus on integrated transport infrastructure.
