Chief Minister Pinarayi Vijayan will inaugurate the silver jubilee celebrations of the Kerala Infrastructure Investment Fund Board (KIIFB) here on Tuesday.
Souvenirs in English and Malayalam on KIIFB and bot software on the institution will be launched on the occasion. Awards for the best implementation agencies of KIIFB projects and contractors will also be given away at the function.
Finance Minister K.N. Balagopal will preside over the event scheduled at 6 p.m. at Nishagandhi Auditorium. Coming into existence on November 11, 1999, KIIFB took its present shape with a law amendment in 2016 under the then Left Democratic Front (LDF) government.
According to the government, KIIFB has to date approved 1,190 projects worth ₹90,562 crore across various sectors. It has so far spent ₹37,388 crore. Projects amounting to ₹21,881 crore have been completed, and work on projects amounting to ₹27,273 crore are in progress.
Public Works department accounts for the highest number of projects; 516 projects worth a total of ₹34,330 crore. The other top allocations are as follows: Water Resources (₹6,995 crore), Health (₹6,670 crore), Power (₹6,200 crore), Coastal Shipping an Inland Navigation (₹3,518 crore) and General Education (₹3,220 crore).
In the coming years, KIIFB will be steering critical infrastructure development projects, including the Vizhinjam-Kollam-Punalur Industrial and Economic Growth Triangle Project. The government has also announced plans to have more revenue-generating projects under KIIFB.
KIIFB CEO K.M. Abraham will make a presentation on ‘Nava Kerala Vision and KIIFB’ at Tuesday’s event. Ministers and government officials will be present.
Published – November 03, 2025 09:51 pm IST
