Kerala Infrastructure Fund Board (KIFB) has sanctioned various development projects with a total cost of Rs 3,800 crore in different sectors including forest, public works, water resources and power.
A memorandum of understanding was signed in this regard between the board and respective secretaries of the departments, Finance Minister T M Thomas Isaac’s office said today.
The aim was to take up projects worth Rs 40,000 crore during the current financial year, it said in a release.
KIFB was expected to sanction projects worth Rs 1,000-1,500 crore every month, he said.
