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The Government of Odisha have set up a Trust namely "Odisha Urban Infrastructure Development Fund (OUIDF)" in the Housing & Urban Development for the purpose of developing and financing Infrastructure Projects under taken by Urban Local Bodies, Statutory Bodies, Public Sector Undertakings and Private Investors and attract inter alia, investments, professional advice from institutions for financing Infrastructure Projects.

The Board of Trustees is headed by the Chief Secretary with six other Trustees to collectively manage and administer the affairs of the Trust and Trust Funds.

Odisha is currently one of the least urbanised States in the Country. However the demographic pattern is expected to change in the ensuring years with a predicted rapid growth of the urban area.

In order to meet its goal of maintaining the current growth rates with out jeoparadising the environment and its natural resources, Odisha requires an adequate expansion of its Urban Infrastructure particularly in the areas of Water Supply, Sanitaion and Waste Management. Financing the required Urban Infrastructure continues to post challange for the Urban Local Bodies (ULBs).

Thus comprehensive reform linked " Project Developemnt" and " Urban Finanicing Institutional Framework" to support mobiliosation of external financing and private sector investment are considered appropriate relevant and timely.

With the above backdrop Govt. of Odisha decided to avail a loan from KfW, German Developemnt Bank to implement a Project for 58 million euro for the year, 52.5 million euro as loan and grant from KfW with 5.5. million euro as equity contribution by the Govt. of Odisha.

Accordingly the following documents were executed by Govt. of Odisha with KfW, Germany on 2nd August 2012 detailing the guideline of Loan Fund, Grant Fund and Project Development Fund.