IIFCL to fund Jaipur metro rail project

The Indian Infrastructure Finance Company Limited(IIFCL)-a Government of India enterprise-has expressed its readiness to consider proposal/request for funding to Jaipur metro rail project. Talking to reporters here today IIFCL Chief Executive Officer Praveen Kumar said that his company so far had not received any proposal/demand in the current fiscal for seeking finance for the Rs 12,000 crore project, if any proposal/request received in this regard IIFCL would accord it due consideration. Mr Kumar said that his company had funded a new extended section of Delhi Metro rail project and was also providing finance for Bangalore metro rail project.
He said that the company was funding in a big way upcoming Delhi-Mumbai Freight Corridor, considerable portion of which would pass through Rajasthan. The Company was entering the capital market with tax saving infrastructure bond issue to raise Rs 1,200 crore, he said adding that the issue opened on February 4 and would close on March 4 next month.