In a bid to secure funds for important projects, the Shipping Ministry is set to sign an agreement with India Infrastructure Finance Company (IIFCL). Under this agreement, IIFCL will provide long term finance for developing port infrastructure in PPP, with an aim to develop port projects worth Rs 15,000 crore. The funds will be used for important projects at the country´s 12 major ports. The ministry had awarded 26 projects under the PPP mode, entailing an investment of Rs 15,483 crore, in 2012-13 and 2013-14.
Contact: India Infrastructure Finance Company
Tel: 011-2370 8263, 23708 264. Fax: 011-2376 6256, 2373 0251.