ADB and India sign $300m loan to support IIFCL

Region:

Asia-Pacific

The Asian Development Bank and the government of India have signed a $300 million loan agreement to support lending by India Infrastructure Finance Company Limited (IIFCL).

ADB said it will enhance availability of long-term finance for PPP projects, improve operational capacity of IIFCL, and expand the portfolio of infrastructure financing instruments available to IIFCL.

ADB funding is expected to fund at least 13 sub-projects through IIFCL, involving roads and renewable power generation, under the last tranche.

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