| Infrastructure Investment Facilitation Company (IIFC) | |
| Formation: | 1999 |
| Headquarters: | Dhaka, Bangladesh |
| Region Served: | Bangladesh |
| Language: | Bengali |
The Infrastructure Investment Facilitation Company (IIFC) is a Bangladesh government company that acts as an advisory body under the Economic Relations Division of the Ministry of Finance.[1] Md. Shahriar Kader Siddiky is the chairperson and Md. Shahabuddin Patwary is the managing director of the company.[2] [3]
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.[4]
In 2004, M Saifur Rahman, Minister of Finance and Planning, criticized the Infrastructure Development Company Limited and Infrastructure Investment Facilitation Center for failing to properly encourage investment.[5] It signed an agreement with Power Grid Company of Bangladesh to lease out the fiber optic cable from Chittagong to Dhaka.[6]
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.[7]
In 2010, the Infrastructure Investment Facilitation Company was hired by Bangladesh Bridge Authority to provide an estimated cost of Dhaka Elevated Expressway.[8] The previous consultant, AECOM Australia Propriety Ltd, had provided estimate that Bangladesh Bridge Authority thought was too high.[9]
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.[10] It supported Bangladesh Railway in creating the draft Bangladesh Railway Amendment Act.[11]
| Sharifa Khan | Chairman | [12] | |
| Md. Habibur Rahman | Director | ||
| Md. Shahriar Kader Siddiky | Director | ||
| Md. Jashim Uddin | Director | ||
| A. K. M. Nurul Fazal Bulbul | Director | ||
| Golam Mainuddin | Director | ||
| Md. Shahabuddin Patwary | Director |