The Infrastructure Investment Facilitation Company (IIFC) () is a

Bangladesh government The government of the People's Republic of Bangladesh () is the central government of Bangladesh. The government was constituted by the Constitution of Bangladesh comprising the executive (the president, prime minister and cabinet), the le ...

company that acts as an advisory body under the

Economic Relations Division The Economic Relations Division (ERD) is one of the four divisions of the Ministry of Finance A ministry of finance is a ministry or other government agency in charge of government finance, fiscal policy, and financial regulation. It is head ...

of the Ministry of Finance. Md. Shahriar Kader Siddiky is the chairperson and AKM Fazlul Haque is the managing director of the company.

History

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. The company provides consultancy services to public agencies and projects regarding the development of infrastructure to encourage private investments. In 2004,

M Saifur Rahman Mohammad Saifur Rahman (Bengali: সাইফুর রহমান; 6 October 1932 – 5 September 2009) was a Bangladeshi chartered accountant, economist and politician. He was a leader of the Bangladesh Nationalist Party and the longest-servi ...

, Minister of Finance and Planning, criticized the Infrastructure Development Company Limited and Infrastructure Investment Facilitation Center for failing to properly encourage investment. It signed an agreement with Power Grid Company of Bangladesh to lease out the fiber optic cable from Chittagong to Dhaka. 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. In 2010, the Infrastructure Investment Facilitation Company was hired by

Bangladesh Bridge Authority The Bangladesh Bridge Authority (BBA) is a statutory government body responsible for the construction and maintenance of bridges, tunnels, flyovers (elevated roads), overpasses, causeways, and subways in Bangladesh. It is headquartered in Dhaka, ...

to provide an estimated cost of

Dhaka Elevated Expressway The Dhaka Elevated Expressway () is an all-elevated toll road in the Bangladeshi capital Dhaka. The road, regarded as the country's first elevated expressway, partially opened in 2023. It connects Hazrat Shahjalal International Airport with F ...

. The previous consultant, AECOM Australia Propriety Ltd, had provided estimate that Bangladesh Bridge Authority thought was too high. 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. It supported

Bangladesh Railway Bangladesh Railway () is the state-owned rail transport agency of Bangladesh. It operates and maintains all railways in the country, and is overseen by the Directorate General of Bangladesh Railway. The Bangladesh Railway is governed by the Mi ...

in creating the draft Bangladesh Railway Amendment Act.

Board of directors

References

1999 establishments in Bangladesh Organisations based in Dhaka Government agencies of Bangladesh Government-owned companies of Bangladesh Public–private partnership units {{Bangladesh-org-stub