ASSOCHAM called for granting infrastructure status to airports by the government, besides classifying aviation turbine fuel (ATF) and cement as declared goods to bring a uniform tariff structure across the country.
Author: admin (Infratructure Today)
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Call for transparency in toll collection
The Ministry of Road Transport and Highways has proposed to set up an independent regulatory body to monitor toll charged by private road builders on national highways.
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ADB plans to expand infra fund
Asian Development Bank (ADB) plans to widen the corpus of Association of Southeast Asian Nations (ASEAN) Infrastructure Fund by inviting participation from mammoth economies in the region namely India and China.
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Japan to invest in road, maritime sectors
After investing in the railways and metro rail transportation in India, Japan is looking to step up its investments in roads and maritime sectors. A Japanese delegation led by Takeshi Maeda, Japanese Minister for Land, Infrastructure,
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Over $100 bn investment in nuke sector expected
Commerce and Industry Minister Anand Sharma expressed hope that the country will see investments in excess of $100 billion in the nuclear power sector alone in the coming two decades. The minister expects that at least a quarter of these will come from France.
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3i looks for road projects
3i India Infrastructure Fund is looking for road projects to invest $1.2 billion that it raised for Indian infrastructure sector. Supreme Infrastructure BOT Holdings sold 49 per
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IRFC bond issue
In order to fund the acquisition of rolling stock and financing capacity enhancement, Indian Railway Finance Corporation (IRFC) expects to raise Rs 6,300 crore from its ongoing tax-free bond issue.
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JSPL buys 60% in Gopalpur Ports
Jindal Steel & Power (JSPL) is acquiring 60 per cent stake in Gopalpur Ports. JSPL will buy Sara International’s 50 per cent stake and Orissa Stevedores 10 per cent stake in Gopalpur Ports.
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Rs 22 cr for Jharkhand
Jharkhand Chief Minister Arjun Munda announced a budget of Rs 22 crore for urban development over the next five years. Munda was speaking at the two-day national mayors’ seminar.
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Finance instruments for infra
Construction Federation of India (CFI) has recommended the government to introduce sector specific innovative financing instruments in the areas of roads, housing, power and ports since these sectors are facing dearth of adequate funds for the execution of their projects.