Kerala Road Fund Board

Name

Kerala Road Fund Board

Legal name

Kerala Road Fund Board

Website

https://krfb.org

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Government Transport Infrastructure Funding

NAICS

Public Finance Activities (921130)

SIC

Federal & Federally-Sponsored Credit Agencies (6111)

akta.pro primary industry

Infrastructure & Public Works (Transport, Social, PPP) (FSABACAI)

akta.pro secondary industry

Real Estate Public-Private Partnership (PPP) & Infrastructure-Adjacent Real Estate Advisory (BPAJANAL)

Keywords

• Road infrastructure funding
• Transport project financing
• Public-private partnerships
• Government funding agency
• Urban road development

Headquarters

HQ city

Trivandrum

HQ country

India

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Others, Supply Chain

Revenue model

1. Government Funding Allocation: KRFB receives non-budgetary funds from the Kerala state government for road development projects. The agency allocates these funds to various infrastructure projects including PPP arrangements where private sector participation is involved through annuity-based models.
2. Annuity Payments (PPP Projects): KRFB manages annuity payments to private concessionaires under BOT/DBFOT arrangements. TCRIP involves semi-annual annuity of Rs. 17.749 Crores over 15 years; KCRIP involves semi-annual annuity of Rs. 23.11 Crores over 15 years. These payments are spread across the concession period.
3. Project Execution Management: KRFB oversees civil construction projects, managing contracts with construction cooperatives and private firms. Projects like Vattiyoorkavu (Rs. 531.76 crore) and Thorayi Kadavu bridge (Rs. 23 crore) are supervised directly.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Kerala Road Fund Board (KRFB) is a statutory government funding agency that provides financial assistance and project oversight for transport facility projects across Kerala. It manages non-budgetary funds allocated by the Kerala State Government for road infrastructure development, executing projects via Public-Private Partnership (PPP) models including Build-Operate-Transfer (BOT) and Design-Build-Finance-Operate-Transfer (DBFOT) annuity arrangements, typically with 15-year concession periods.

Product overview

Kerala Road Fund Board (KRFB) is a government funding agency established in 2001 that provides financial assistance for transport facility projects across Kerala. The organization manages non-budgetary funds for road development through various project models including Public Private Partnership (PPP), Build-Operate-Transfer (BOT), and Design-Build-Finance-Operate-Transfer (DBFOT) annuity arrangements. The portfolio includes major city road improvement projects (TCRIP, KCRIP, KACRIP), smart city infrastructure initiatives, road widening projects, and bridge constructions. The organization focuses on infrastructure development rather than software products, serving as a funding and project monitoring body for Kerala's road network modernization.

Differentiator

Problem solved

Functional benefit

Products and services

• Thiruvananthapuram City Road Improvement Project (TCRIP) A Public Private Partnership (PPP) project on Build-Operate-Transfer (BOT) annuity mode for developing 16 corridors spanning 42.069 km in Thiruvananthapuram. Includes flyovers (Bakery Junction, Thakaraparambu), an underpass at Palayam Junction, 65 improved junctions, and landscaping. Executed by TRDCL (Special Purpose Vehicle) and completed in May 2016.
• Kozhikode City Road Improvement Project (KCRIP) A Design-Build-Finance-Operate-Transfer (DBFOT) project covering 6 corridors of 22.251 km in Kozhikode. Features 28 junction improvements, 15 signalized junctions, 62 bus shelters, 39 bus bays, and 9 highmast lights. Executed by UCCIDPL with a 15-year concession period and semi-annual annuity of Rs. 23.11 Crores.
• Kannur City Road Improvement Project (KACRIP) A DBFOT-Annuity mode project at an estimated cost of Rs. 401.467 Crores covering 11 corridors with 44.065 km for development in Kannur. Includes minor bridge construction and two 2-lane rail over bridges (ROBs). Administered with a 15-year concession period.
• Smart City Project in Thiruvananthapuram

Quantifiable outcome

• TCRIP completed successfully in 2016 - first successful PPP urban infrastructure project in India
• +3 more outcomes

Named customers3 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered minor and core.

• PMR ConstructionsminorImplementation/ SI/ Consulting Partner · 1 January 2025Contractor executing Thorayi Kadavu bridge construction project valued at Rs. 23 crore, supervised by KRFB and funded through KIIFB.
• Uralungal Labour Contract Co-operative SocietycoreImplementation/ SI/ Consulting Partner · 1 January 2025Contractor for Vattiyoorkavu Road and Junction Development project (Rs. 531.76 crore), upgrading 10.75km four-lane corridor. Civil construction expected to start October 2025.
• Uralungal Labour Contractors Co-operative Society (UCCIDPL)coreImplementation/ SI/ Consulting Partner · 1 January 2017UCCIDPL executed KCRIP under Design-Build-Finance-Operate-Transfer (DBFOT) annuity arrangement with 15-year concession period. Semi-annuity of Rs. 23.11 Crores over concession period. Project involved 6 corridors of 22.251 km completed in November 2017.
• Thiruvananthapuram Road Development Company Limited (TRDCL)coreImplementation/ SI/ Consulting Partner · 1 January 2008TRDCL is a Special Purpose Vehicle (SPV) established exclusively for executing TCRIP. The company operated under Build-Operate-Transfer model without tolling. TCRIP involved development of 16 corridors totaling 42.069 km, completed in four phases between 2008 and 2016.

Scale indicators5 records

Recent moves7 records

Expansion highlights4 records

Broad incumbents

• Power Finance Corporation (PFC): Central government-owned infrastructure finance company that lends to large-scale infrastructure projects including roads. Comparable to KRFB in providing structured funding to PPP infrastructure projects.
• Mumbai Metropolitan Region Development Authority (MMRDA): State-level metropolitan infrastructure development body that funds and executes large urban transport and road projects, similar to KRFB's urban road improvement mandate but at metropolitan scale.
• Delhi Metro Rail Corporation (DMRC): Statutory body executing large urban transit and supporting road infrastructure projects in Delhi-NCR. Comparable to KRFB in being a state-backed entity managing complex multi-year infrastructure execution through PPP and government funding.
• National Highways Authority of India (NHAI): India's central government highway development and funding body. NHAI is the national-level counterpart to KRFB, executing PPP-based road infrastructure across India through similar BOT/annuity models and managing toll/annuity revenue streams.

Regional players

• Tamil Nadu Road Development Company (TNRDC): Tamil Nadu state-level entity developing road infrastructure through PPP models. Comparable to KRFB in mandate (state-level road development) and execution approach (BOT/annuity PPPs).
• Bangalore Metro Rail Corporation Limited (BMRCL): Karnataka state-level urban infrastructure entity developing metro and supporting road networks. Functions as a regional peer to KRFB in executing government-funded urban transport infrastructure.
• Karnataka Road Development Corporation Limited (KRDCL): Karnataka state-level body executing road and bridge infrastructure projects through PPP and government funding models. Functions as a direct regional peer to KRFB in another South Indian state.

Direct peers

• India Infrastructure Finance Company Limited (IIFCL): India's dedicated infrastructure financing institution providing long-term debt for PPP infrastructure projects. IIFCL operates in the same infrastructure-funding niche as KRFB but at the national level, supporting transport and urban infrastructure.
• National Highways and Infrastructure Development Corporation Limited (NHIDCL): Central government entity responsible for highway and infrastructure development in northeastern and strategic regions. Uses similar PPP/BOT execution models to develop road infrastructure funded through central allocations.
• Kerala Infrastructure Investment and Financing Board (KIIFB): Kerala's state-level infrastructure financing body and an active financial partner of KRFB. KIIFB funds multiple KRFB-supervised projects (e.g., Thorayi Kadavu bridge, Ayoor-Anchal road), making it the closest institutional peer within Kerala.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/kerala-road-fund-board

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Kerala Road Fund Board