OBJECTIVES & FUNCTIONS

The Fund was established with the main objective of providing investment for projects in the State of Kerala in the sectors of Roads, Power, Irrigation, Water Supply, Ports, Inland Navigation, Solid Waste Management and Drainage.KIIFB will assist the Government and its agencies in the various aspects pertaining to Infrastructure Development namely, Management Consultancy, Financial Consultancy, Issue Advisory and Legal Consultancy. With the restructured and rejuvenated KIIFB the future looks bright for the development of key infrastructure in Kerala.

Transport

Large and sustainable transport sector is an economic growth driver and core to the development of the state.

Energy

With diverse resource based options for power generation, Kerala has the potential to meet the increasing demand for commercial and industrial energy needs.

Social and Commercial Infrastructure

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.

IT & Telecommunication

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.

Water Sanitation

Access to clean drinking water and proper sanitation is essential in achieving better standard of health for the state.

Transport Energy Water Sanitation Social and Commercial
Infrastructure		 IT & Telecommunication
  • Roads and bridges
  • Railways
  • Airports
  • Inland waterways
  • Ports
  • Urban public transport
  • Electricity generation (grid)
  • Electricity transmission
  • Gas pipelines
  • Renewable energy
  • Oil/ Gas/ LNG Storage
  • Irrigation
  • Sewage collection,
    treatment and disposal
  • Solid waste management
  • Water supply pipeline
  • Agriculture
  • Education
  • Healthcare
  • Culture & Tourism
  • Industrial Parks
  • Sports & Youth Affairs
  • IT parks

The Board had mobilized funds to the tune of Rs.1023.71 crore through issue of three series of Redeemable and Non-Convertible Non-Statutory Lending Rate (Non SLR) bonds by private placement fully backed by State Government Guarantee. The fund was deposited in the Government Treasury in accordance with the KIIF Act & Scheme and utilised by government for funding infrastructure projects through its Plan Schemes.

Government of Kerala is now 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. Governement 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.

A separate government wing namely Finance (Infrastructure) Dept has been established to administer the Infra SPVs and functions alongwith KIIFB at a new premise in the heart of Thiruvanathapuram city. Competency training in infrastructure finance has been imparted to the staff through Centre for Management Development (CMD), Thiruvananthapuram and Indian Institute for Management Kerala (IIMK), Kozhikode. Government is also appointing a private Financial Advisor-cum-Consultant (FAC) firm for accessing financial markets in a big way. Through this arrangement KIIFB will assist the Government and its agencies in the various aspects pertaining to Infrastructure Development namely, Management Consultancy, Financial Consultancy, Issue Advisory and Legal Consultancy. With the restructured and rejuvenated KIIFB the future looks bright for the development of key infrastructure in Kerala.