Kerala infrastructure funding arm gives Rs 390 cr to NHAI for land acquisition
The Kerala Infrastructure Investment Fund Board (KIIFB), the infrastructure funding arm of the Kerala government, has disbursed Rs 390 crore as the first instalment of a Rs 5,200-crore grant to the National Highways Authority of India (NHAI) to part finance the four/six-laning of some 565 km of national highways in the state.
This model could also be used by NHAI with other state governments to part-fund the massive highway development programme, to lighten its burden amidst a squeeze in bank funding for infrastructure projects, sources said.
India’s national highway development agency estimates a funding requirement of Rs 48,000 crore to convert 500 km of two-lane highways into four-lanes, close to half of which would be used to acquire land.
