KIIFB: Pioneering infrastructure for Kerala's sustainable growth

In less than a decade, the

Kerala Infrastructure Investment Fund Board

(KIIFB) has revolutionised

infrastructure financing in India

, cementing itself as a transformative force in Kerala's developmental journey. With a combination of innovative funding techniques and efficient execution, this dedicated financial institution has successfully mobilised Rs 50,829 crore—Rs 21,548 crore from the State government and Rs 29,281 crore via market borrowings.
The scale of KIIFB’s achievements is remarkable. By February 2025, it had approved 1,156 projects valued at Rs 88,070 crore, with Rs 34,179 crore already allocated to translate plans into reality. Central to this progress is the Rs 20,000 crore Land Acquisition Pool, facilitating critical ventures such as the Rs 6,769 crore PWD-NHAI highway expansions and Rs 16,403 crore industrial development projects. These include major industrial parks (Rs 13,988.63 crore), strategic acquisitions like the Hindustan Newsprint Ltd property (Rs 200.60 crore), and the pivotal Rs 2,214 crore Kochi-Bangalore Industrial Corridor, set to make Kerala a key manufacturing hub. Speaking on the progress of KIIFB, K.N.Balagopal, Financer Minister of Kerala said, “KIIFB laid the foundation for the State’s infrastructural leap over the past one decade”

Reimagining Kerala’s infrastructure
“The unprecedented developmental leap witnessed in Kerala over the past nine years is largely due to KIIFB. Many projects once deemed impossible to execute owing to the State’s straitened financial circumstances have been realised only because of KIIFB,”- Minister P.A. Mohammed Riyas.
KIIFB's transformative impact is most evident in the transportation sector, where 513 Public Works Department projects worth ₹33,461 crore have reshaped connectivity across Kerala. Key achievements include the construction of 57 railway overbridges, which have resolved persistent traffic challenges, and the groundbreaking Hill Highway and Coastal Highway projects, uniting Kerala’s diverse landscapes into a cohesive economic zone. These projects not only improve mobility but also unlock economic opportunities for remote areas and enhance market access for local producers. To know more, click here.
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