The Kerala government is likely to form a committee to carry out a detailed study on the Kerala Infrastructure Investment Fund Board (KIIFB), the special purpose vehicle actively used by the previous Left Democratic Front (LDF) government to fund infrastructure projects.
Chief Minister V.D. Satheesan told a press conference in Thiruvananthapuram on Friday (May 29, 2026) that his government was actively considering such a proposal. “We are examining KIIFB. We are also considering the formation of a committee for further studies on it,” he said.
In line with this plan of action, a KIIFB director board meeting held on Friday decided to keep the agenda in abeyance so as to allow the government to decide its policy with respect to the institution, Mr. Satheesan, who chairs the institution in his capacity as Chief Minister, said.
Mr. Satheesan’s remarks came ahead of a White Paper proposed by the United Democratic Front (UDF) government on the State’s fiscal situation which is expected to be out in the first week of June. While preparing the document, the authorities are expected to take a detailed look at KIIFB and its financial implications on State finances as a whole.
When in the Opposition, the UDF and Mr. Satheesan had vehemently opposed the LDF government’s policies with regard to KIIFB and the off-Budget borrowings made through it.
On the upcoming first Budget of the UDF government, Mr. Satheesan indicated that announcements in sync with the government’s policy in the Governor’s address to the Assembly may be expected. To a question on whether the people can expect “wonders” in the Budget, he replied in the affirmative.
K.M. Abraham, long-time KIIFB Chief Executive Officer, had stepped down soon after the LDF’s 2026 Assembly election debacle. The financial heft of projects granted approval under KIIFB stood at ₹1.10 lakh crore, K.N. Balagopal, Finance Minister in the previous LDF government, had said in February 2026.
Published – May 29, 2026 11:37 pm IST
