GMR Group would launch long-term infrastructure bond issue for its highway project in January, India Infrastructure Finance Company (IIFCL) said. The Rs 316-crore issue will be partly guaranteed by IIFCL, a state-run infra lender, through its credit enhancement scheme. GMR plans to raise around Rs 316 crore through the issue and IIFCL would guarantee the bonds issue to the tune of 24 per cent.
Category: Aviation & Airports
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Policy on regional air connectivity
Within the next three months, the Union Government hopes to have a plan ready to promote regional air connectivity, Union Minister for Civil Aviation Ajit Singh said. A committee appointed by the Ministry to give recommendations to promote regional connectivity would submit its report by January 31.The government hopes to have some policy in place in about two months after the report is submitted.
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Policy on regional air connectivity
Within the next three months, the Union Government hopes to have a plan ready to promote regional air connectivity, Union Minister for Civil Aviation Ajit Singh said. A committee appointed by the Ministry to give recommendations to promote regional connectivity would submit its report by January 31.The government hopes to have some policy in place in about two months after the report is submitted.
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GMR Infra starts two highway projects in AP, Karnataka
Commercial operations of the Hyderabad-Vijayawada section of the National Highway 9 and the Hungund-Hospet section of the National Highway 13 have been commenced by GMR Infrastructure. With the commencement of these, the group now has a portfolio of eight operating highways. The projects are expected to generate revenues in the range of Rs 75 lakh to Rs 80 lakh per day for the former and Rs 18 lakh to Rs 20 lakh per day for the latter.
The Hyd-Vijayawada project was awarded through an internati
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GMR Infra starts two highway projects in AP, Karnataka
Commercial operations of the Hyderabad-Vijayawada section of the National Highway 9 and the Hungund-Hospet section of the National Highway 13 have been commenced by GMR Infrastructure. With the commencement of these, the group now has a portfolio of eight operating highways. The projects are expected to generate revenues in the range of Rs 75 lakh to Rs 80 lakh per day for the former and Rs 18 lakh to Rs 20 lakh per day for the latter.
The Hyd-Vijayawada project was awarded through an internati
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Jharkhand seeks Rs 25 cr from Centre for airport work
To promote tourism in its hilly Pithoragarh district, the Uttarakhand government is seeking a special plan assistance (SPA) of Rs 25 crore from the Centre for the expansion and modernisation of Naini-Saini airport in the district.
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Goa to invite global tenders for new airport in March
A global tender is going to be invited by the Goa Government for its new airport project at Mopa in the northern part of the state. The State Chief Minister Manohar Parrikar said that the new airport will be developed on a public private partnership basis.
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Rlys to rope in contractor for LNG locomotive project
In an attempt to reduce the operating cost of locomotives, Indian Railways plans to set up a locomotive prototype equipped with a single gas turbine operating on LNG. For this purpose, the Research Design and Standards Organisation (RDSO), which is the research arm of Indian Railways, sought application from interested contractors who could develop such a locomotive
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Idukki airport project gets nod from defence ministry
Union Ministry of Defence has given in principal clearance for the proposed feeder airport in Idukki district. Kerala State Industries Development Corporation (KSIDC) informed this in the document inviting expression of interest for the project. In this manner, ball has been set rolling for the development of a proposed feeder airport in the hilly district in central
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ADF in Mumbai, Delhi to stay at lower sum
The Union government is now plans to lower the airport development fees by spreading it over a longer tenure. The Union Ministry of Civil Aviation had on October 16 asked the Airports Authority of India (AAI) to infuse more equity into Delhi and Mumbai airports so that the Airport Development Fee (ADF) that is charged from passengers flying into these airports can be scrapped from January 1.