The Centre has agreed to fund the construction of a bridge over River Feni in South Tripura on National Highway 44, connecting the state to Bangladesh, Tripura chief secretary Yashpal Singh said.
Category: Infrastructure Finance
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MEP to launch InvIT in FY17, to raise Rs.1,200 cr
Toll road firm MEP Infrastructure Developers plans to raise over Rs.1,200 crore from an infrastructure investment trust (InvIT)
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Chennai Angels invests Rs.2.5 cr
The Chennai Angels (TCA) have announced an investment of Rs.2.5 crore in Agile Parking Solutions Private Limited (Get My Parking).
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Funding National Waterways
India has remarkable potential of 14,500 km of navigable waterways. However, only 4,300 km comprising five waterways have been designated as National Waterways. Realising the exponential growth in this sector in the coming years, the government in the year 2016 has, under the National Waterways Act 2016, declared an additional 106 inland waterways which brings the total number of National Waterways to 111.
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I call it the 4-P model where the fourth P stands for people
It is yet to emerge as an organised sector in comparison to the other sectors where you have model concession agreements. The bankers are also very familiar with terms and conditions.
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Where are the investor-friendly policies?
First and foremost, water is a scarce commodity. If at all there is a war, it will be for water, now. Unfortunately, in India, the per capita availability of water has decreased in the past decade (if I go by the official record) from 1860 cubic metres in 2001 to 1545 cubic metres now.
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L&T Infa Debt Fund to raise up to Rs.2,750 crore via bonds
With more leeway to fund projects and tax exemptions, L&T Infra Debt Fund (IDF), L&T Finance group's infrastructure refinancing arm, plans to raise up to Rs.2,750 crore through debentures.
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JICA, IIFCL ink pact to finance PPP
Japan International Cooperation Agency (JICA) has inked a pact with India Infrastructure Finance Company Limited (IIFCL) to provide 50 billion Japanese yen (about Rs.2,866 crore) of official development assistance (ODA) for implementation of infrastructure projects in PPP.
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ADB to up lending to India for infra
Asian Development Bank (ADB) said it supports India's commitment to build more infrastructure and will increase its lending to $10-12 billion till 2018. ADB President Takehiko Nakao met Finance Minister Arun Jaitley and praised India's strong economic performance in the face of weak global growth.
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Sovereign, pension funds may invest $50 bln in India
India is an attractive destination for global sovereign and pension funds as they are expected to invest up to $50 billion in infrastructure sector over the next five years, says a report by Ambit and The City of London Corporation.