I think in many sectors the policies are conducive. The most recent example is the Rewa Ultra Mega Solar Project, where IFC was the lead public-private-partnership (PPP) transaction advisor. We helped structure the bidding process to include a three-tiered payment security mechanism.
Category: Infrastructure Finance
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Clean up your act
On July 1, 2017 a new tax regime, in the works since over 15 years, designed as 'One Nation, One Tax', went live! Its impact on infrastructure will resolve future litigation in this area and although will mean higher tax, will also allow input tax credit in many categories.
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ADB to aid $275 million for urban services in Madhya Pradesh
The Asian Development Bank (ADB) and the Government of India signed a $275 million loan on 19th June, 2017 for improving urban services in 64 small towns in the State of Madhya Pradesh.
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Adani Capital to invest Rs 50 Crore in PRA Realty
Adani Capital Pvt Ltd (ACPL), the NBFC arm of the Adani Group, has partnered with PRA Realty to provide capital for its project in Pune. ACPL will be investing Rs 50 crore and this investment will be utilised towards the development of a one off, rare and iconic mixed-use project in the prime, downtown location of Shivaji Nagar.
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SMC & IM Capitals Investment Manager LLP Launches Realty Fund
SMC Global and IM Capitals Ltd have formed a joint venture to launch their maiden US$ 75 million fund exclusively for Indian real estate market with a green shoe option of up to US$ 75 million. SMC Global and IM Capitals are the principal sponsors of the fund. The fund will be forming an investment committee that will comprise of investors.
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Lodha UK raises USD 375 million construction finance
Lodha UK, the London based development arm of IndiaÂ’s largest real estate developer, Lodha Developers, has raised USD 375 million (GBP 290 million) as construction funding for its Lincoln Square development in London, located adjacent to the London School of Economics (LSE) and close to Covent Garden.
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Expanded Sewerage Treatment to Start in Bengaluru with JICA Support
The newly inaugurated Sewerage Treatment Plant (STP) in Koramangala and Challaghatta (K&C) Valley STP, whose treatment capacity is 60 Million Liters per Day (MLD) is expected to treat the sewerage generated by around 5 lakhs people in Bengaluru, and improve the sanitation and environmental condition of the rapid growing city.
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Reliance Infra arm receives Rs 2,950 cr arbitrary funds
Delhi Airport Metro Express Private Limited (DAMEPL), a subsidiary of Reliance Infrastructure has been awarded compensation of Rs 2,950 crore by a three member Arbitral Tribunal, a company statement said.
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MEP Infra receives date for Talaja-Mahuva Hybrid Annuity project
MEP Infrastructure Developers Limited has been given April 25, 2017, as the Appointed Date for its Hybrid Annuity project in Gujarat (the Talaja-Mahuva section) in accordance with the Concession Agreement executed with the National Highways Authority of India (NHAI). The project is a part of the Bhavnagar-Veraval stretch.
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Timely Fixes
Historically, infrastructure projects in India have been funded on a mix of debt and equity. The current trends suggest so. Over the past 15 days, as many as three initial public offerings-IRB, HUDCO and PSP Projects - have hit Dalal Street, raising more than Rs 6,000 crore, a testimony to the fact that the bond market is gaining pace after the 2008 turmoil.