The PIDB is funded through Rs. 1 per liter
Fee on Petrol, and 1% Fee on all agricultural produce except fruits,
vegetables and pulses, which works out to approximately Rs. 170
crore per annum. This amount constitutes the Punjab Infrastructure
Development Fund (PIDF) which is spent on:
The year wise fund inflow of Fee is :
- Augmentation of existing infrastructure;
- Punjab Governments contribution to equity in priority infrastructure projects; and
- Establishment of the Punjab Infrastructure Initiative Fund (PIIF) with a corpus of Rs. 20 crores
Fee Collected (Rs. In crore)
(upto Mar 31, 2009)
Total actual receipt of Infrastructure
Development Fee till 31st March 2007 has been about Rs.
1131 crores. With effect from April 1, 2008, FEE on all
agricultural produce except fruits, vegetables and pulses
has been enhanced to 2% for every hundred rupees for primarily
funding a Mega Irrigation Project and other Infrastructure
Projects for the benefit of the persons engaged in farming
and other agriculture related activities.
Pursuant to obtaining a credit rating
of A- (SO) from CARE Ltd. and BBB + (SO) from ICRA Ltd., PIDB
came out with its 2nd Bond Issue in the month of July, 2007. The
Bond Issue of Rs.150 crores closed successfully with PIDB collecting
Rs.150 crores. The amount of Rs. 150 crores is to be used for
funding the on-going (i.e. already awarded) projects.
In the month of
December 2007, PIDB came out with its 3rd Bond Issue in the form
of Zero Coupon Redeemable Non-Convertable Deep Discount Bonds
(2007 Series-II). The Bond Issue of Rs. 499.93 crores also closed
successfully. The amount of Rs. 499.93 crores is to be utilized
for financing the on going Infrastructure Projects in the State
From the period between December, 2008 to February, 2009 PIDB came out with its 4th Bond issue in the form of Regular Return Bonds 2008 – Series IV-A, IV-B, IV-C totaling to Rs. 750 crores. Through the 1st tranche i.e. PIDB Bonds 2008 Sr. IV-A, PIDB was able to raise Rs. 252 crores. Through the 2nd tranche i.e. PIDB Bonds 2008 Sr. IV-B, PIDB was able to raise Rs. 442 crores and through the 3rd tranche i.e. PIDB Bonds 2008 Sr. IV-C, PIDB was able to raise Rs. 56 crores.
for projects during 2002-03 to 2008-09 :