New Delhi, July 12 -- State-owned Housing and Urban Development Corporation Ltd (HUDCO) has signed a memorandum of understanding (MoU) with the Government of Odisha to provide term loans of up to Rs 1 lakh crore over the next five years for urban infrastructure and housing projects in the state, the company said in a stock exchange filing.

The MoU was signed in Bhubaneswar on July 11 (dated July 10) and covers financing for a range of urban infrastructure projects.

"As per the MoU, HUDCO aims to provide term loans to the extent of Rs.1,00,000 Crore... over a period of 5 years, for various Urban infrastructure projects including land acquisition for various Housing and Infrastructure projects under Urban Challenge Fund (UCF), Bhubaneswar...