(a) the objectives of India Infrastructure Finance Company Ltd. (IIFCL) ;
(b) the details of projects sanctioned sector wise,year wise since inception ;
(c) time taken for approval of project proposals and final execution ;
(d) whether steps are being taken to facilitate early release of funds once projects get
approved ;
(e) if so, the details thereof; and
(f) if not, the reasons therefor ?
THE MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI PAWAN KUMAR BANSAL)
(a) The India Infrastructure Finance Company Ltd. (IIFCL) has been set up to
provide debt of longer term maturity to commercially viable infrastructure
projects.
(b) India Infrastructure Finance Company Ltd. has received certificate of
incorporation on January 5, 2006.Financial assistance amounting to Rs. 965
crore for 12 infrastructure projects in Road, Sea port, Power and urban
infrastructure stands approved so far by the Board of Directors of IIFCL.
(c) Final execution of the projects is not under taken by IIFCL. Approval of
project proposals by IIFCL takes 4-6 weeks.
(d) No, Sir. Release of funds would follow the pre-determined schedule agreed to
between fenders and promoters, and, as such, no intervention seems called for.
(e) and (f) Do not arise.