Government of Kerala is poised for accelerated investment in Infrastructure for ensuring sustainable growth in the economy. To finance critical and large infrastructure projects the Government intends to mobilize funds both in the medium as well as long term. Government has approved a plan to issue General Obligation Bonds against unconditional Government guarantee and Revenue Bonds with structured payment mechanism for medium term requirement and has initiated steps to raise funds to meet long term requirements through Alternative Investment Funds (AIF), Infrastructure Investment Trust (InVIT), Infrastructure Debt Fund (IDF) and build the institutional framework needed for this. In this new scenario KIIFB has been restructured to act as the key Special Purpose Vehicle (SPV) for mobilising and channelling the funds to the various infrastructure SPVS. KIIFB through its well organised and professional approach will act as the key arm of Government to facilitate planned, hassle-free and sustained development of both physical and social infrastructure ensuring all round well being and prosperity in the State.
Overview of Latest Activities in KIIFB
Market Opening Ceremony at London Stock Exchange held on 17th May 2019 to commemorate the landmark Masala Bond issue of KI...
Kerala Infrastructure Investment Fund Board (KIIFB), the primary agency of the Government of ...
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.
Kerala Infrastructure Investment Fund Board (KIIFB) came into existence on 11.11.1999 under the Kerala Infrastructure Investment Fund Act 1999 (Act 4 of 2000) to manage the Kerala Infrastructure Investment Fund. The main intention of the Fund was to provide investment for critical and large infrastructure projects in the State of Kerala. Comprehensive modification of the Act and Scheme has been made through an amendment Ordinance in August 2016. With new strategy and structure, KIIFB aims to dynamically mobilise funds for the infrastructure development of Kerala. This also includes major land acquisition needs of the State. KIIFB have recourse to the advanced financial instruments approved by SEBI and RBI and is expecting an upspring of sustainable infrastructure development of the State.
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)
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