The Asian Development Bank (ADB) will provide India up to $700 million in loans to accelerate its rollout of infrastructure projects through public-private partnership (PPP) initiatives.

ADB's Board of Directors today approved the multitranche loan for the Second India Infrastructure Project Financing Facility. The loan will be released over five years to the state-owned India Infrastructure Finance Company Ltd. (IIFCL), and is a follow-on of the first-stage facility of $500 million, approved in 2007. The IIFCL, established in 1996 to promote PPPs, will use the facility to support investments in a broad range of PPP infrastructure projects.

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Posted by claire at November 20, 2009 7:27 PM