1. Home
  2. >

Built to inform

Sign up for the daily newsletters

No, Thank you

US$ 700 Million ADB Loan for infra projects


The Government of India and the Asian Development Bank (ADB) have a loan agreement for US$ 700 million Loan for Second India Infrastructure Project Financing Facility (Project-1). This is second in a series of loans by ADB to India Infrastructure Finance Company Ltd (IIFCL) to support the Government’s infrastructure development agenda through enhancing the availability of the long-term funds for infrastructure financing.
IIFCL will provide funds to private sector entities at commercial terms with over 20-year maturity for infrastructure projects in the public private partnership (PPP) mode. This Facility will enable IIFCL to further the ongoing work of IIFCL in supporting the PPP projects. The period of utilization of this loan will be 5 years for three tranches. Earlier Facility for an amount of US $ 500 million was approved in 2007 by ADB.
The loan size is US$ 700 million, to be released in three tranches, over a period of three years. The 1st tranche will be US $ 210million. IIFCL will be the Executing Agency.

Most Popular


Olympia Group announces to build up 1.1mn sq-ft greenfield it park in Guindy
The project will have a total investment of about Rs 750 crore


Vital pre-monsoon building works resume in Maharashtra
The state government has permitted pre-monsoon work by BMC and other agencies

Latest Issue

May 2020
11 May 2020