IDCOL to extend advisory services to BIFFL

---

Mahmood Malik, CEO of IDCOL and Md. Atiquzzaman, CEO of BIFFL exchanging documents after signing the MoU on behalf of their sides in the city Wednesday.

FE Report
A Memorandum of Understating (MoU) was signed between two state-owned agencies, Infrastructure Development Company Limited (IDCOL) and Bangladesh Infrastructure Finance Fund Limited (BIFFL) Wednesday.
Under the MoU, the state-backed infrastructure lender will provide investment advisory services to BIFFL and conduct financial, technical, legal, and environmental due diligences of infrastructure projects to be considered for financing by BIFFL, says a statement.
BIFFL was established as a Non-Bank Financial Institution (NBFI) in 2011 by the Government of Bangladesh (GoB) with Authorised Capital of Tk 10,000 crore and Paid-up Capital of Tk 1,600 crore for financing infrastructure projects implemented through Public-Private Partnership (PPP) mechanisms.
Established in 1997 IDCOL has extensive expertise in carrying out investment appraisal of large infrastructure projects and invested Tk 36 billion in PPP projects including power generation, telecom and ICT, renewable energy sector and other infrastructure projects.