Infrastructure Development Company Limited (IDCOL) a Non-Bank Financial Institution established in Bangladesh in 1997 as a government owned public limited company to promote participation of the private sector in investment in infrastructure facilities and in operation, ownership and maintenance of them. On 30 June 2001, the authorised and paid up capital of the company was Tk 100 million.

IDCOL provides long-term senior and subordinate debt financing for viable infrastructure projects in the private sector. The company finances projects of power generation, telecommunication, urban environmental services, gas and gas related infrastructure, ports, toll roads, water supply, and other infrastructure development. The company has a preference for build-own-operate and build-operate-transfer type of projects. It finances up to 40% of the total project costs and to be eligible for its funding support, the project must meet the government's priority criteria.

Up to June, 2001, the company committed to provide a total of $159.4 million to five projects: Midland Baghabari 115 MWatt Electric Plant ($20 million), Meghnaghat 450 MWatt Electric Plant ($80 million), Integrated Container Terminal Project ($40 million), 310 M Watt Electric Plant ($7.4 million) and 810 M Watt Electric Plant ($12 million).

The company is managed by a 7-member board of directors appointed by the government from amongst senior government officials and prominent entrepreneurs. A team of project-finance advisors of international repute assists the board. An 11-member management team assists the chief executive officer (CEO) of the company in carrying out its day-to-day business. [S M Mahfuzur Rahman]