Through Video Conferencing Sri. Pinarayi Vijayan, Hon’ble Chief Minister of Kerala and the Chairman of KIIFB inaugurated Vytilla and Kundanoor flyovers on NH-66 on 9 th January, 2021 at 9.30 am and 11 am respectively. Both the functions were presided over by Sri. G.Sudhakaran, Hon&rsquo...
The 40th General Body of KIIFB chaired by Shri. Pinarayi Vijayan, Hon’ble Chief Minister was held on 13th October 2020. This was preceded by the Executive Committee meeting on the 12th of October chaired by Dr. T. M. Thomas Isaac, Hon’ble Finance Minister.
On 9th September 2020, Shri. Pinarayi Vijayan, Hon’ble Chief Minister of Kerala and the Chairman of KIIFB inaugurated the infrastructure built at 34 schools with KIIFB funding in a grand online function. Prof. C. Raveendranath, Hon’ble Minister for General Education presided over ...
KERALA INFRASTRUCTURE INVESTMENT FUND BOARD (KIIFB); A Body Corporate established by KIIF Act, 1999
We facilitate infrastructure development funding since 11th November 1999
Infrastructure is the backbone of development in any sector. It decides the status of each nation on the economic map and the quality of life its people has vis-ā-vis other nations in the world. While the infrastructure needs have kept on emerging and evolving with the times, Government of Kerala has addressed it effectively through sound policies and initiatives.
In this perspective, the following decisions taken by the State Government have been crucial:
1. To review the infrastructure requirements of vital sectors and identifying the critical gaps.
2. To constitute A Body Corporate titled KIIFB under KIIF Act.
3. To join hands with State/Central Public Sector Agencies to have them onboard as Special Purpose Vehicles to support the Administrative Departments in developing infrastructure.
Accordingly, Kerala Infrastructure Investment Fund Board (KIIFB) was established as the principal funding arm of Government of Kerala on 11.11.1999 by the Kerala Infrastructure Investment Fund Act 1999 (Act 4 of 2000). The objective of KIIFB is to channelize fund for critical and large public infrastructure projects in Kerala. Comprehensive modifications to the Act have been enacted through Kerala Infrastructure Investment (Amendment) Act, 2016. With the expanded scope and structure provided under the amended Act, KIIFB is now mobilising and channelling funds for facilitating planned, hassle-free and sustainable development of both physical and social infrastructure including major land acquisition needs that are integral to development ensuring all round wellbeing and prosperity , using financial instruments approved by Stock Exchange Bureau of India (SEBI) and Reserve Bank of India (RBI).
The sharp spike in pace, coverage, competency and quality witnessed by the public infrastructure development ecosystem in the state within a short while with the interventions of restructured KIIFB would remain as the all-time testimony for the highest degrees of commitment being showcased by it in harnessing innovative technologies and widely recognized standards of quality control in infrastructure project management. This fact is always recognized by national and international financial institutions and external rating agencies. With the strong and stable backup of all the above, so far, KIIFB has approved funding for projects worth INR 60, 102 Crores, covering all vital sectors like Healthcare, Education, Transportation, Water supply and Power supply.
KIIFB was constituted by Government as a Body Corporate having perpetual succession consisting of the following members.
Hon'ble Chief Minister
Hon'ble Minister for Finance
Ex-officio Secretary,
Finance (Infrastructure)
The Fund was established with the main objective of providing investment for projects in the State of Kerala in sectors like Transport, Water Sanitation, Energy, Social & Commercial Infrastructure, IT and Telecommunication etc. KIIFB will assist the Government and its agencies in the various aspects pertaining to Infrastructure Development and will act as the nodal agency for scrutinizing, approving and funding major infrastructure projects including PPP projects. With the restructured and rejuvenated KIIFB the future looks bright for the development of key infrastructure in Kerala.
Large and sustainable transport sector is an economic growth driver and core to the development of the state.
With diverse resource based options for power generation, Kerala has the potential to meet the increasing demand for commercial and industrial energy needs.
To fully realize the enormous development possibilities, the Government have designed several social and commercial projects that will significantly enhance the standard of living in the State.
The State has all the inherent advantages that can foster the growth of IT for socio-economic development, including, advanced levels of literacy, education and healthcare, an excellent telecommunications network reaching all towns and villages.
Access to clean drinking water and proper sanitation is essential in achieving better standard of health for the state.
KIIFB is constituted under Finance Department of Kerala for raising funds both in the medium as well as long term to finance critical and large infrastructure projects in the state like Kerala Fibre Optic Network, Petrochemical and Pharma Park - Kochi, Coastal and Hill Highway, Transgrid 2.0, Life Science Park - Thiruvananthapuram, Hi Tech School Programme, etc.
Digitally Connecting 33,000+ government institutions and free internet to 2 Lakh Households.
600 Acres of Industrial Park for Chemical Products.
Connecting Kerala via 1800kms+ Highway.
Power Highway - Creating High Capacity Transmission Lines.
125 Acres of Healthcare, Herbal, Agriculture & Biotechnolgy Zone.
Introducing 45,000+ Smart Classrooms.
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