KIFB: Finance Minister says that 9000 crores will have to be borrowed next year

Thiruvananthapuram: KIFB to lend Rs 9,000 crore next year Minister K.N. Balagopal. It currently holds 6959 crore KIFB. The minister informed that 3632 crores of loans are left to be taken. Lanam said.

21989.77 crore projects have been tendered. 546 Initiate or award activities of schemes done 20054.The total contract amount of the projects initiated is 74 crores. Apart from this, seven land acquisition projects worth 22877.17 crore have been approved. Ti was given. Kifbi did not pay the contractors due to lack of funds. Minister said.

There are construction-related problems in paying. Tassam is awarded. State Govt to Central Govt regarding grant of KIFB loan It has been given. The way the center breathes knocks will affect the establishment. I don’t think Kendra will do that. New borrowing may affect borrowing limits of state governments He also said that he has requested the Center to do the same. Kifbi CEO Dr. K.M. Abraham said.

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