Project Investments

iDeCK has vested with it, a Project Development and Investment Fund, with a corpus amount of Rs 200 Crores, utilized to fund development of infrastructure projects in Karnataka. Investments through this Fund could be in the form of debt, or equity for a defined period of time

Project Development Fund

As part of its first Business Plan, the Board of Directors of iDeCK approved the set up of a Project Development Fund (PDF). Government of Karnataka provided iDeCK a sum of Rs. 45.1 Cr. with an objective to create a shelf of projects in consultation with, and on behalf of State Agencies. This is treated as a long term loan and envisaged as a revolving fund.

This Fund is used to outline scope of services for project preparation studies, financial viability analysis, project structuring for private participation, bid documentation, bid process management (including project marketing to prospective bidders), and assistance to government agencies in negotiation and signing of agreements with selected private developers. The PDF is recovered as ‘success fee’ or project development fee from the selected developer.

Some of the successfully completed projects under PDF include:


Key Projects

  • First tolled road in Karnataka – Ballary
  • First Engineered Sanitary Landfill facility in India under PPP in Bangalore
  • Second PPP in Rail Line Development – Hassan-Mangalore Rail Development Corporation
  • 4 Regional Airports in Karnataka – Shivamogga, Gulbarga, Vijayapura, Ballary
  • Integrated Treatment and Disposal facility for MSW – Mysore
  • International Convention Centre, Bangalore

Project Investment Fund

Infrastructure investments, particularly those under Project Development Fund and with significant economic importance need a push to ensure both speedy completion and world-class quality. The Govt. of Karnataka, in order to make these projects financially viable and attractive for private sector investors helped iDeCK set up a separate Project Investment Fund (PIF). PIF is infused into projects in the form of Debt or Equity on a case-to-case basis, where each investment is chosen after detailed due diligence processes.


Key Projects

Debt
  • Bangalore International Airport
  • Narayana Hrudayalaya, 200-Bed hospital in Mysore
  • K-RIDE, an Umbrella SPV for Rail Projects in Karnataka
Equity
  • JAS Toll Road – Tumkur-Nelamangala section of NH-4
  • Small Hydro Power Project, Raichur
  • Bypass Road, Sandur, Ballary