Macquarie Group and State Bank of India are drawing up plans to raise $1 billion to $1.5 billion for their second fund to invest in infrastructure assets and companies in India, according to sources.
Author: admin (Infratructure Today)
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IIFCL becomes non-banking finance firm
The Reserve Bank of India (RBI) will now regulate India Infrastructure Finance Company (IIFCL). The Union Cabinet approved a proposal in this regard.
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2 underpasses on Noida Extn route
The Noida Authority will soon begin construction of two underpasses on the Captain Shashikant Marg, which runs from the Noida City Centre towards Noida Extension.
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WB shows interest in MTHL
Mumbai Metropolitan Region's 22 km long Mumbai Trans Harbour Link (MTHL) project got a major financial boost when World Bank (WB) showed keen interest in funding the Rs 8,311-crore project.
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Bangalore Metro inaugurated
The first section of the Bangalore metro, now branded Namma Metro, was opened by Urban Development Minister Kamal Nath on October 20.
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India to invite Chinese investments in roads
To attract foreign investment in its building programme, India is likely to invite Chinese investors to participate in the country's mega road projects, each entailing an investment of about Rs 4,900 crore ($1 billion).
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India to get $975 mn WB loan for rail project
The World Bank (WB) has signed a $975 million loan agreÂement with the Indian government to build part of a massive freight railway line connecting north and eastern India. India is infusing huge investment into overhauling its ageing infrastructure network,
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Haryana awards 151-km long corridor
The Haryana government has awarded 151-km long North-South Corridor in the state on a design, build, finance, operate and transfer (DBFOT) pattern.
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HCC achieves day-lighting of Pir Panjal tunnel
Hindustan Construction Company (HCC) achieved a major breakthrough of day-lighting the Pir Panjal Railway Tunnel, constructed in the rugged terrain of Pir Panjal Mountains in Jammu & Kashmir.
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Hooghly Dock Restructuring
The Union Cabinet has approved a rehabilitation-cum-restructuring package for the Hooghly Dock & Port Engineers, Kolkata, one of the country's oldest shipyards in the private sector.