To repair over 900 kilometres of roads in Chhattisgarh state, the Asian Development Bank would provide $300 million loan to the State government, the Bank said in statement on December 11. The project would include works such as expanding roads for two-laning, building new sections, construction and strengthening of culverts and brigdes.
Author: admin (Infratructure Today)
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Root-based foot-bridges are Meghalaya’s new attraction
In Meghalaya's southern part, foot-bridges built on tree roots help villagers cross rivers and streams. The footoverbridges have emerged as the new attraction in this Himalayan state. No wonder, the foot-bridges have been nicknamed by tourists as 'living foot-bridges' which take shape over 12-15 years, and they are the sole effort of the villagers sans any government help.
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NHAI gives more time to secure funding for highway project
Owing to delay in securing statutory clearances, the National Highway Authority of India (NHAI) allowed the concessionaire of the Kota-Jhalawar highway project in Rajasthan to take more time for financial closure. The lenders of the highway project asked for all the clearance to be on the safer side. The approvals from seve
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Sadbhav’s arm achieves COD for Hyd-Yadgiri tollway
Hyderabad-Yadgiri Tollway (HYTPL), an SPV and a subsidiary of Sadbhav Engineering, has stated that it has achieved Commercial Operational Date (COD) for entire project length on December 10.
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Revival in demand enables steel firms to hike prices
Industry watchers feel that demand for steel has improved recently and this enabled steel makers to raise price of their products. It is learnt that there has been a five to seven per cent price hike in both flat and long steel products on a year-on-year basis. Rashtriya Ispat Nigam (RINL) increased rates by Rs 500 per tonne this month when it followed most of the
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Cargo volume at major ports declines in Apr-Nov 2012
During April-November 2012, India's 12 major ports handled a combined 359.9 million tonne of cargo which is over 2.8 percent lower than 370.6 mn t handled in the year-ago period, data released by the Indian Port Association (IPA) showed. It is learnt that the volume of India's external trade handled by these ports declined to less than 60 percent from
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Sebi registers 12 more alternative investment funds
In the last two months, twelve companies received approval from the market regulator Securities and Exchange Board of India (Sebi) for setting up Alternative Investment Funds (AIFs). Since October 10, the market regulator registered 12 AIFs that include India Realty Fund, Dar Mentorcap Film
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NBFCs prefer raising funds via NCDs
Reports suggest that more and more companies are raising funds through non-convertible debentures (NCDs) in order to fund their expansion plan.
NCDs seem to be emerging as a preferred fund-raising option for companies, especially those from NBFC space, reports
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Housing finance arm may be merged with Indian Bank
Media reports suggest that Ind Bank Housing, the housing finance subsidiary of Indian Bank, may be merged with the parent company by the end of 2012-13, if all regulatory approvals fall into place. Indian Bank wants to merge its housing finance arm because it would help bolster the bankÂ’s retail book, bringing specialist home finance employees, and also as it wo
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IFC may participate in Religare’s banking foray
Financial services firm Religare, which plans to apply for a new banking licence, may receive equity contribution from the International Finance Corporation (IFC), an arm of the World Bank. Reports suggest that IFC is willing to invest in ReligareÂ’s proposed banking entity. IFC