NIIF to start funding activities soon

The National Investment and Infrastructure Fund (NIIF) has become operational and will commence funding activities soon. The dedicated fund is indicative of the government’s attempt to make more funds available for the infrastructure sector. Funding will start via two sub-funds of the NIIF – a highways fund and a clean energy fund. Buoyed by the interest shown by global investors, the government is planning three more sector-specific sub-funds – an airport development fund, a port development fund and one more – under the NIIF. The main fund and the feeder funds have the mandate to invest in greenfield, brownfield and stalled projects.