Kerala government invites e-tender for FAC

THIRUVANANTHAPURAM: Kerala government today floated an e-tender for the appointment of Financial Advisor Cum-Consultant for the government and its designated agency The Kerala Infrastructure Investment Fund Board.

FAC will advise on mobilising resources by accessing financial markets to finance the major infrastructure needs of the state.

The State budget for 2015-16 had earmarked an amount of Rs 2,000 crore as seed capital to leverage additional funds through new investment structures.

Later, the government unveiled a series of infrastructure projects to the tune of Rs 25,000 crore to be implemented in next three years, an official release said.

Flagship programmes like Vizhinjam International Deepwater Seaport, Kannur International Airport, Kochi Metro (extension), Rapid Rail Transist System, Vyttilla Mobility Hub in Kochi, Light Metro transport scheme at Kozhikode and state capital were some of the projects identified by the government for investments.