The Infrastructure Investment Facilitation Company (IIFC) (Bengali: অবকাঠামো বিনিয়োগ সুবিধা সংস্থা) is a Bangladesh government company that acts as an advisory body under the Economic Relations Division of the Ministry of Finance.[1] Md. Shahriar Kader Siddiky is the chairperson and Md. Shahabuddin Patwary is the managing director of the company.[2][3]
Infrastructure Investment Facilitation Company (IIFC)
Infrastructure Investment Facilitation Company was established in 1999 under the Companies Act of 1994. The purpose of the IIFC is to encourage and support public-private partnership (3P) in Bangladesh.[2] The company provides consultancy services to public agencies and projects regarding the development of infrastructure to encourage private investments.[4]
In 2004, M Saifur Rahman, Minister of Finance and Planning, criticized the Infrastructure Development Company Limited and Infrastructure Investment Facilitation Center for failing to properly encourage investment.[5] It signed an agreement with Power Grid Company of Bangladesh to lease out the fiber optic cable from Chittagong to Dhaka.[6]
According to a 2008 study, the IIFC suffered from a lack of formal or informal power, and so was involved in less than half of the 3P projects developed in the country.[7]
In 2010, the Infrastructure Investment Facilitation Company was hired by Bangladesh Bridge Authority to provide an estimated cost of Dhaka Elevated Expressway.[8] The previous consultant, AECOM Australia Propriety Ltd, had provided estimate that Bangladesh Bridge Authority thought was too high.[9]
On 29 March 2021, Abdul Baki, additional secretary in charge of World Bank Wing at the Ministry of Finance, was appointed managing director of Infrastructure Investment Facilitation Company.[10] It supported Bangladesh Railway in creating the draft Bangladesh Railway Amendment Act.[11]
infrastructure, investment, facilitation, company, iifc, bengali, অবক, bangladesh, government, company, that, acts, advisory, body, under, economic, relations, division, ministry, finance, shahriar, kader, siddiky, chairperson, shahabuddin, patwary, managing, . The Infrastructure Investment Facilitation Company IIFC Bengali অবক ঠ ম ব ন য গ স ব ধ স স থ is a Bangladesh government company that acts as an advisory body under the Economic Relations Division of the Ministry of Finance 1 Md Shahriar Kader Siddiky is the chairperson and Md Shahabuddin Patwary is the managing director of the company 2 3 Infrastructure Investment Facilitation Company IIFC Formation1999HeadquartersDhaka BangladeshRegion servedBangladeshOfficial languageBengaliWebsitewww wbr iifc wbr gov wbr bdHistory editInfrastructure Investment Facilitation Company was established in 1999 under the Companies Act of 1994 The purpose of the IIFC is to encourage and support public private partnership 3P in Bangladesh 2 The company provides consultancy services to public agencies and projects regarding the development of infrastructure to encourage private investments 4 In 2004 M Saifur Rahman Minister of Finance and Planning criticized the Infrastructure Development Company Limited and Infrastructure Investment Facilitation Center for failing to properly encourage investment 5 It signed an agreement with Power Grid Company of Bangladesh to lease out the fiber optic cable from Chittagong to Dhaka 6 According to a 2008 study the IIFC suffered from a lack of formal or informal power and so was involved in less than half of the 3P projects developed in the country 7 In 2010 the Infrastructure Investment Facilitation Company was hired by Bangladesh Bridge Authority to provide an estimated cost of Dhaka Elevated Expressway 8 The previous consultant AECOM Australia Propriety Ltd had provided estimate that Bangladesh Bridge Authority thought was too high 9 On 29 March 2021 Abdul Baki additional secretary in charge of World Bank Wing at the Ministry of Finance was appointed managing director of Infrastructure Investment Facilitation Company 10 It supported Bangladesh Railway in creating the draft Bangladesh Railway Amendment Act 11 Board of directors editName Position Reference Sharifa Khan Chairman 12 Md Habibur Rahman Director 12 Md Shahriar Kader Siddiky Director 12 Md Jashim Uddin Director 12 A K M Nurul Fazal Bulbul Director 12 Golam Mainuddin Director 12 Md Shahabuddin Patwary Director 12 References edit 52pc consumers apply for electricity connection through middlemen survey The Daily Star 2021 05 29 Retrieved 2022 11 04 a b Infrastructure Investment Facilitation Company IIFC iifc gov bd Retrieved 21 June 2020 New MD for of IIFC The Daily Star 14 January 2020 Retrieved 21 June 2020 Govt sweetens deals for economic zones The Daily Star 10 December 2014 Retrieved 21 June 2020 Saifur lashes out at IDCOL IIFC for lacklustre show The Daily Star Retrieved 21 June 2020 Deal on leasing out Dhaka Ctg optical fibre cable network The Daily Star Retrieved 2022 11 04 Farrugia C Reynolds T Orr RJ August 2008 Public Private Partnership Agencies A Global Perspective CRGP Working Paper 39 Expressway deal by early Jan The Daily Star 2010 12 19 Retrieved 2022 11 04 Cost estimate too high The Daily Star 18 October 2010 Retrieved 21 June 2020 ERD add secy to be also IIFC MD The Daily Star 2021 03 29 Retrieved 2022 11 04 Bangladesh Railway act back to drawing board after 133 years The Financial Express Retrieved 2022 11 04 a b c d e f g Infrastructure Investment Facilitation Company IIFC www iifc gov bd Retrieved 2022 11 04 nbsp This article about a Bangladeshi organisation is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Infrastructure Investment Facilitation Company amp oldid 1220853036, wikipedia, wiki, book, books, library,
