The government, Asian Development Bank (ADB) and the IIFCL have signed a $250 million loan agreement for tranche 2 of the ongoing Second India Infrastructure Project Financing Facility.
Category: Infrastructure Finance
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Nomura floatS $500 mn fund
Nomura Securities plans to raise $500 million India Infrastructure Fund from domestic investors to invest in companies that build roads, ports and power utilities.
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Annual subsidy for PSUs
Due to the deteriorating performance of PSUs, the department has revived its proposal for the merger of BSNL and MTNL.
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Budget 2011-12: Infra on higher pedestal
The government intends to spend Rs 214,000 crore on infrastructure, 23.3 per cent higher than the allocations in 2010-11, accounting for major share of 48.5 per cent of the gross budgetary support to the central plan.
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Enam Infra Fund to invest Rs 3,700 crore in infra
The cabinet committee on economic affairs cleared the investment proposal of Enam India Infrastructure, a Mauritius-based venture capital fund, to invest Rs 3,700 crore in India’s infrastructure and energy projects through a dedicated core sector fund.
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Spreading equitability
The more developed among our states must now focus on development that is both inclusive and as uniform as possible.
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Rise in Q3 income: MARG
MARG has posted a significant rise in its income from operations at Rs 317.32 crore in the third quarter ended December 2010 as against Rs 206.64 crore a year ago.
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UP to invite bids for solar
Uttar Pradesh government will float bid document to attract private investment in solar to supply energy.
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BUDGET MUST ADDRESS OBJECTIVES
Last year, roads and highways was the "happening" sector, with a lot of hype and commendable action. Against a target of national highways that turned out to be beyond ambitious, the National Highway Authority of India (NHAI) had only completed construction of 1,156 km by December 2010 at 4.28 km per day-way less than the targeted 7 km-per-day.
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Min okays Rs 50,000 cr electric fund
In a move to help quicken the flagging pace of distribution reforms in the power sector, the Union Finance Ministry has approved the creation of a Rs 50,000 crore National Electricity Fund for attracting investment in this area.