A credit agreement for World Bank assistance of $107 million for Second Mizoram State Roads Project (MSRP II)
Author: admin (Infratructure Today)
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Hinduja Group to invest in infra projects
Hinduja Group is planning to invest $10 billion in unfinished power plants and infrastructure projects in India that have been languishing as non-performing assets with banks.
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DPDHL to invest €100 M
Deutsche Post DHL (DPDHL) is set to invest €100 million (about Rs 797 crore) over the next two years in India
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PowerGrid to raise Rs 5,000 crore
Power Grid Corporation of India (PGC) is looking to raise up to Rs 5,000 crore by offering bonds with 5-, 10- and 15-year maturities.
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ADB raises Rs 300 cr
Asian Development Bank (ADB) has raised Rs 300 crore from its maiden issuance of offshore Indian rupee-linked bonds.
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Steps initiated to corporatise ports
The Union government has initiated steps aimed at corporatising India´s major ports and has started the process for appointment of a world-class consultant to come out with a draft report for amendments in the relevant act do so.
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New SPV to develop last-mile port connectivity
The Shipping Ministry is looking at setting up a special purpose vehicle (SPV) for all major ports to provide last-mile rail connectivity.
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Essar terminal at Paradip gets land
The Odisha Industrial Infrastructure Development Corporation (IDCO) has initiated the process to handover land identified for a coal terminal of Essar Steel at Paradip after getting green signal from the government.
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Vizag Port gets dedicated berth for coastal cargo
Visakhapatnam Port is planning to develop a dedicated berth for coastal shipping within six months, which will help to save time in handling coastal cargo, according to the Chairman MT Krishna Babu.
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Cargo ports to come up
To reduce dependence on roads for cargo movement and to reduce the costs, JNPT will be setting up satellite ports at Wardha, Aurangabad and Surat, according to Union Shipping Minister Nitin Gadkari.