United Kingdom-India Infrastructure Financing Bridge:
The U.K. India Infrastructure Financing Bridge (UKIIFB) recently marked its first anniversary by launching a report in the City of London.
- United Kingdom-India Infrastructure Financing Bridge (UKIIFB) is a collaborative initiative led jointly by NITI Aayog and the City of London.
- It aims to channel sustainable infrastructure investments into India, leveraging the UK’s expertise in managing and structuring large-scale projects.
- The UKIIFB, agreed as part of the UK Economic and Financial Dialogue (EFD), was operationalised with a steering committee made up of representatives from the UK government’s Treasury department, construction giants, and engineering and legal firms operating across both countries to drive forward the aim of getting mega infrastructure projects bid-ready.
- This committee will oversee the implementation of the initiative, focusing on projects such as national highways, regional rapid transport systems, and renewable energy ventures.
- UKIIFB Stakeholders will seek to jointly build a diverse investment and financing system that is long-term, stable, and sustainable with manageable risks.
- It is distinctly committed to sustainable infrastructure development, prioritizing environmentally friendly projects that are aligned with the core principles of the Sustainable Development Goals.
