The Road Transport and Highways Ministry and its road building arm, NHAI, are weighing the option of raising money through ´masala bonds´ as road construction activity gathers pace.
Category: Infrastructure Finance
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Jharkhand 10th highest receiver of FDI
Proving itself as a major emerging investment destination, Jharkhand has been ranked as the 10th highest receiver of Foreign Direct Investment proposals in the year 2015, in a ranking of top FDI earning states in India and China.
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We need an integrated approach towards capacity addition, hinterland connectivity
For a country of Indias size and complexity, where 95 per cent of trading by volume and 70 per cent by value is done through sea, it is very important to develop a sustainable maritime transportation system for economic growth and inclusive development.
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Rel Infra looks to divest toll road assets by Sept
The Anil Ambani-led Reliance Infrastructure Ltd. is contemplating selling its 11 toll road assets to an overseas buyer for $1.5 billion. The company revealed that the deal would go through by September 2016.
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Firms keen on InvIT want clarity
Infrastructures developers such as IRB, GMR and IL&FS are keen to launch their infrastructure investment trusts after SEBI announced guidelines last week, but may hold their plans for more clarity on disclosure and accounting norms.
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Funds raised by NHAI
The government has permitted borrowing of Rs.59.279 crore by NHAI during 2016-17 as IEBR. NHAI plans to raise Rs.5,000 crore through capital gains bonds and `50,000 crore through taxable bonds or other similar instruments
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Centre agrees to grant funds for Tripura-Chittagong sea port bridge
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.
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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.