Kerala Infrastructure Fund Board sanctions projects worth Rs 3,800 crore

To invest in different sectors which includes forest, public works, water resources and power

Kerala Infrastructure Fund Board (KIFB) has sanctioned various development projects with a total cost of Rs 3,800 crore in different sectors including forest, public works, water resources and power.

A memorandum of understanding was signed in this regard between the board and respective secretaries of the departments, Finance Minister T M Thomas Isaac's office said today.

The aim was to take up projects worth Rs 40,000 crore during the current financial year, it said in a release.

KIFB was expected to sanction projects worth Rs 1,000-1,500 crore every month, he said.