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Construction : Web Exclusive | October 2014 | Source : Construction Update

Tamil Nadu decides to set up TNIFMC to fund large infra projects

At a recent meeting of the Tamil Nadu Infrastructure Board led by the state Chief Minister, it was decided to set up a new financial institution named Tamil Nadu Infrastructure Fund Management Company Ltd (TNIFMC) that would support funding for large infrastructure projects. The state government approved the project structure for the Rs 1.83 lakh crore Madurai-Tuticorin industrial corridor covering 29 projects spanning the southern districts of Madurai, Sivaganga, Virudunagar, Tuticorin, Tirunelveli, Ramanathapuram and Kanyakumari.
 
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