By constructing the Chennai Peripheral Ring Road (Section 1) and installing Intelligent Transport Systems the city authority aims to meet increasing traffic demands in the cityÂ’s metropolitan area, thereby contributing to the mitigation of traffic congestion and promoting regional economic development.
Category: Infrastructure Finance
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Punjab government releases Rs 5.75 billion for development projects
Of the Rs 5.75 billion released by the Punjab Government, Rs 1.25 billion was given to the department of local government and Rs 500 million and Rs 2 billion was released for governance reforms and retrial benefits, respectively.
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Rs 50 billion MTN programme to fund infrastructure
A Medium Term Note (MTN) programme to raise Rs 50 billion from the international markets has been established by the Kerala Infrastructure Investment Fund Board (KIIFB).
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Still, Indian banks are critical for infrastructure
INFRASTRUCTURE TODAY spoke to the then interim Finance Minister on the sidelines of AIIB Annual General Meeting in a length over various issues, especially funding for infrastructure.
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Can Insolvency aid India’s infrastructure?
Many infrastructure companies are going through Corporate Insolvency Resolution Process (CIRP); some of them were also in the first target list of the Reserve Bank of India (RBI), wherein 12 companies were identified in June 2017 to proceed in under the code.
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SMC to finalise City Square project
The Surat Municipal Corporation (SMC) will be finialising a city square project, where a business hub along with recreational facilities will be planned on 33,700 sq m of land at Kharwarnagar junction.
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JICA halts the funding of the bullet train
Over 1,000 farmers have written a letter to the Japan International Cooperation Agency (JICA) to stop funding for the construction of the bullet train project as the acquirement of land by overlooking the prescribed guidelines.
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AIIB approves USD 455 million loan project for Andhra Pradesh
The board of directors of the Asian Infrastructure Investment Bank (AIIB) has approved to sanction USD 455 million loan for the rural development of Andhra Pradesh.
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Rs.4.2 trillion Debt Resolution Game
By the end of 2018, Rs.3.8 trillion of bad loans are likely to be resolved. Of this, Rs.1.6 trillion will become sustainable, if the resolution proceeds as per the defined timelines.
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Islamic Development Bank seeks tie-ups for infrastructure investments
Islamic Development Bank Group, is interested in exploring joint opportunities with other multilateral development banks to invest in IndiaÂ’s infrastructure sector