Approval of projects

IIFC (UK)’s business operations effectively commenced from September 2008. In this short span, the Company has created a niche for itself in the financial market and infrastructure sector. A cumulative number of 36 proposals for aggregate loan request of over USD 5 billion were received up to March 2010, of which 13 proposals with an aggregate loan of USD 1.579 billion had been approved. Financing documents had been executed in 6 cases with aggregate loan sanction of USD 946 million. Disbursement of loans commenced in August 2009 and aggregated USD 68.31 million. The funding for import of capital equipment generally gets effected, upon substantial completion of civil construction work at the project site.

The total cost of the projects assisted by IIFC (UK) Limited (in syndication with other banks/FIs) in the Power, Metro Rail and Port sectors was over USD 20 billion. These projects shall create additional capacity of 18530MW of power generation, 35 kilometres of Metro Rail in Delhi and Mumbai and 15MT of port cargo handling per annum, as per the details given below: