The Haryana government has awarded 151-km long North-South Corridor in the state on a design, build, finance, operate and transfer (DBFOT) pattern.
Category: Infrastructure Finance
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CPCL plan hits CRZ roadblock
The Environment Ministry has refused the Coastal Regulatory Zone (CRZ) clearance to Chennai Petroleum Corporation's (CPCL) crude pipeline project, citing threat to habitation.
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Rs 6.5 lakh cr investment by 2017
The Department of Telecom (DoT) has projected an investment of Rs 6,50,000 crore in the sector in the next five years.
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SPV to build broadband network
A special purpose vehicle (SPV) with equity participation from BSNL, MTNL and other public sector units such as RailTel, Gail and PowerGrid, amoÂng others, will undertake the 20,000-crore project to build a national broadÂÂband network to take high-speed internet to the hinterlands.
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Tax-free bonds of 4 firms
Government has allowed four firms to raise Rs 300 billion via tax-free bonds in the current financial year.
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Analysis: Leveraging real estate for metro systems
City planners in India seem to be looking at metro rail as the panacea to poor and myopic planning and haphazard growth. Sudheendra Bajpai and Aparajita Dutt say integration of systems should include planning the city"s real estate around metro rail.
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IIFCL infra credit scheme
The credit enhancement scheme of India Infrastructure Finance Company (IIFCL) may be delayed further, as the finance ministry has asked the state-run lender to try it out for a few months before final launch.
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IDFC infra bonds
Infrastructure Development Finance Co (IDFC) will raise at least Rs 100 crore from a foreign institutional investor via five-year bonds at 9.15 percent, marking the first deal after easing of the overseas borrowing norms.
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FIIs to get flexibility in infra bond investments
In a move to stimulate the foreign flows into infrastructure bonds, the Finance Ministry has eased norms for foreign institutional investors (FIIs) for investing in long term infrastruÂcture bonds. To lure FIIs, it has reduced lock-up period on such holdings to one year from three years for a five-year bond for overseas institutions investing up to $5 billion in infrastructure bonds.
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Corp Bank plans infra debt fund
Corporation Bank said it is drawing up plans to float an Infrastructure Debt Fund (IDF) and will soon approach its boaÂrd for approval. The bank plans to paÂrÂÂtner with other interested players for floating such an infra fund. Earlier, the Reserve Bank of India (RBI) allowed banks and non-banking financial coÂmÂpanies (NBFC) to sponsor IDF, which can be set up as mutual funds and NBFCs.