Centre’s discriminatory stand prompted State to explore revenue-generating model for KIIFB: Pinarayi
1 month, 2 weeks ago

Centre’s discriminatory stand prompted State to explore revenue-generating model for KIIFB: Pinarayi

The Hindu  

A scenario where user fee is collected on Kerala Infrastructure Investment Fund Board -funded roads will enable KIIFB to use it as a revenue source to repay its loans and, over time, phase out government grants, Chief Minister Pinarayi Vijayan said on Wednesday. Strongly defending the KIIFB model during the budget discussion in the State Legislative Assembly, Mr. Vijayan said that the Centre’s discriminatory approach to KIIFB had prompted the State government to, “in principle,” explore revenue-generating models for it. In such a situation, KIIFB loans can also be excluded from the State’s borrowing limit, Mr. Vijayan said. Thomas Isaac that KIIFB will not entail toll/user fee was made at a time when fund raising by KIIFB was not treated as falling under the ambit of the State’s borrowings, Mr. Vijayan said. On the Opposition UDF charges concerning the plan fund cuts announced by the LDF government, Mr. Vijayan said that the capital expenditure through KIIFB alone in the past three years was much higher than the spending by the Oommen Chandy government in its last three years.

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History of this topic

User fee model will help KIIFB in loan repayment, says CM Pinarayi Vijayan
1 month, 2 weeks ago

User fee model will help KIIFB in loan repayment, says CM Pinarayi Vijayan

New Indian Express  

THIRUVANANTHAPURAM: Indicating that KIIFB roads will have user fee soon, Chief Minister Pinarayi Vijayan on Wednesday said that a user fee model of revenue generation will help KIIFB in loan repayment. Participating in the discussion on the state budget 2025-26 in the assembly, he said: “If KIIFB levies user fees, it will help in loan repayment on its own. The …

Finance commission chairperson supports revenue generating model of KIIFB
1 month, 2 weeks ago

Finance commission chairperson supports revenue generating model of KIIFB

New Indian Express  

THIRUVANANTHAPURAM: The seventh Finance Commission chairperson K N Harilal has said that Kerala Infrastructure Investment Fund Board should find ways to generate revenue including toll collection, considering the present scenario. Recently Finance Minister K N Balagopal said that the government is working on revenue generating models for KIIFB which included the development of IT parks to sustain itself. Chief Minister …

Kerala Assembly: Ruling front, Opposition wrangle over whether KIIFB is a debt burden or development engine
1 month, 2 weeks ago

Kerala Assembly: Ruling front, Opposition wrangle over whether KIIFB is a debt burden or development engine

The Hindu  

The ruling front and the Opposition wrangled in the Kerala Assembly on Monday over whether the Kerala Infrastructure Investment Fund Board was a troublesome and expensive “borrowing entity” that pushed the State into an abyss of debt or a powerful engine for development. Seeking the Assembly’s permission for an adjournment debate on whether the KIIFB had become a “white elephant,” …

Kerala Govt Considering Tolls on KIIFB Funded Roads: CPI(M); Congress Opposes it
1 month, 3 weeks ago

Kerala Govt Considering Tolls on KIIFB Funded Roads: CPI(M); Congress Opposes it

Deccan Chronicle  

Thiruvananthapuram/Idukki: Amid reports that the Kerala government is contemplating charging tolls on roads constructed with KIIFB funds, the CPI and LDF on Tuesday said such revenue-generation measures may be necessary due to the alleged neglect shown to the state by the Centre. Govindan argued that when the Centre's stance towards Kerala-especially in financial matters-was not favourable, steps must be taken …

KIIFB approves ₹17.95-crore Thuruthimukku Bridge project
2 months, 2 weeks ago

KIIFB approves ₹17.95-crore Thuruthimukku Bridge project

The Hindu  

The stalled construction of the Thuruthimukku Bridge, linking Kannur district and Kozhikode across the Mayyazhi River, is set to resume after receiving financial approval from the Kerala Infrastructure Investment Fund Board. The ₹17.95-crore project, delayed since its initiation in 2019 due to setbacks like contractor withdrawal and land acquisition issues, has gained new momentum. After Uralungal Labour Contract Cooperative society …

Infrastructure projects worth ₹12,089.29 crore completed, according to KIIFB
2 years ago

Infrastructure projects worth ₹12,089.29 crore completed, according to KIIFB

The Hindu  

Infrastructure projects worth ₹ 12,089.29 crore undertaken with funding via Kerala Infrastructure Investment Fund Board have been completed. The highest spending is on public works-related infrastructure projects such as roads, ₹ 10,823 crore, followed by industries, water resources, general education, and power. The 45th board meeting of KIIFB held last week had added 64 more projects to the list of …

KIIFB: debt-financed expenditure offering a lifeline during a difficult financial period
3 years, 4 months ago

KIIFB: debt-financed expenditure offering a lifeline during a difficult financial period

The Hindu  

The story so far: The Finance Minister of Kerala, K.N. Kerala Infrastructure Investment Fund Board is a body corporate constituted by the Government of Kerala to mobilise financial resources for infrastructure development of the State. In 2016, the then newly elected Left Front Government decided to considerably expand the scope of KIIFB’s operations, and to use this institution to speed …

Kerala CM Writes to Election Commission on ED's Actions After Sitharaman’s Speech Against KIIFB
4 years ago

Kerala CM Writes to Election Commission on ED's Actions After Sitharaman’s Speech Against KIIFB

News 18  

Kerala Chief Minister Pinarayi Vijayan shot off a letter to the Chief Election Commissioner stating that enforcement directorate is violating the model code of conduct in the State just before the Assembly elections due on April 6. The Chief Minister wrote, “The Enforcement Directorate has recently been repeatedly calling officials of KIIFB, a body corporate fully owned by the Government …

CAG Report on KIIFB: Thomas Isaac Alleges Conspiracy Against Kerala
4 years, 4 months ago

CAG Report on KIIFB: Thomas Isaac Alleges Conspiracy Against Kerala

News 18  

Continuing to lock horns over the CAG report on KIIFB, Finance minister Thomas Isaac on Tuesday claimed a political conspiracy had been hatched to choke Kerala’s development projects, as the Congress and BJP demanded his resignation for violating norms by making public the contents before it was tabled in the assembly. Isaac, who had earlier stated that it was a …

'Joint Agenda to Sabotage Kerala's Development': Finance Minister Slams Congress, BJP Over KIIFB Row
4 years, 4 months ago

'Joint Agenda to Sabotage Kerala's Development': Finance Minister Slams Congress, BJP Over KIIFB Row

News 18  

Kerala Finance Minister T M Thomas Isaac on Monday hit out at the Congress and the BJP over the Kerala Infrastructure Investment Fund Board row and said it was a “joint agenda” to destroy the investment body and sabotage Kerala’s growth. The ruling Left and the Opposition parties have been locked in a war of words over the last two …

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