Infrastructure Development Financial Company (IDFC), which is one of the lenders for the Delhi-Gurgaon expressway project, is in the process of picking up stake in the project, reports suggest
The concessionaire of the project-- Delhi-Gurgaon Super Connectivity (DGSCL) --can reduce its share from 100 percent to 26 percent two years after tolling starts and has to report to NHAI in such case, according to an agreement with NHAI.
IDFC is the lead financial institution in a consortium of lenders
Category: Roads & Highways
Post
IDFC eyes stake in Gurgaon expressway project
Post
Ongoing railway projects need ` 1.47 trillion
Railway ministry pegged the investment requirement for the 347 ongoing new line, gauge conversion and doubling projects at about Rs 1.47 lakh crore as on April 1, 2012.
All sanctioned projects are progressing as per availability of resources, Minister of State for Railways Adhir Ranjan Chowdhury informed Lok Sabha.Targets for projects are fixed on yearly basis based on availability of funds. To expedite completion of ongoing projects, efforts are made to generate extra budgetary financing throu
Post
Ongoing railway projects need ` 1.47 trillion
Railway ministry pegged the investment requirement for the 347 ongoing new line, gauge conversion and doubling projects at about Rs 1.47 lakh crore as on April 1, 2012.
All sanctioned projects are progressing as per availability of resources, Minister of State for Railways Adhir Ranjan Chowdhury informed Lok Sabha.Targets for projects are fixed on yearly basis based on availability of funds. To expedite completion of ongoing projects, efforts are made to generate extra budgetary financing throu
Post
Pamban Bridge to be renovated
In Tamil Nadu’s Rameswaram, the famous Pamban Road Bridge, constructed across the sea connecting the Rameswaram Island with main land, is to be renovated at a cost of Rs 15.5 crore. The renovation of the 2.5 km long ‘Annai Indira Gandhi Bridge’, built in 1987, would be started next month, Ramanathapuram District Collector K Nandakumar said.
Post
Pamban Bridge to be renovated
In Tamil Nadu’s Rameswaram, the famous Pamban Road Bridge, constructed across the sea connecting the Rameswaram Island with main land, is to be renovated at a cost of Rs 15.5 crore. The renovation of the 2.5 km long ‘Annai Indira Gandhi Bridge’, built in 1987, would be started next month, Ramanathapuram District Collector K Nandakumar said.
Post
Centre eyes stiff road target in Five-year plan
To get at least 47 per cent investment from the private sector during this 12th Five Year Plan (2012-17) period for construction of highways, the Union government is likely to set a stiff target for Road Transport and Highways Ministry. This is 9 per cent more than what the sector has got during the 11th Five Year Plan.
Post
Kochi’s road curve eased at Poojarivalavu
In Kochi city on the Seaport-Airport Road, the Roads and Bridges Corporation, Kerala (RBDCK) is set to inaugurate a four-lane 250 metre stretch in the area. Explaining the work carried out on the road, RBDC-K Managing Director APM Muhammed Haneesh said that it was not a straightening of the curve, but carried out the work of easing the curve.
Post
SCLR bridge over Harbour Line to be opened soon
In Mumbai, the launch of ten segments of a steel bridge over the Harbour Line railway stations of Kurla and Tilak Nagar, which forms part of the much-delayed Santacruz-Chembur Link Road (SCLR) project, was completed on December 23.
Post
Root-based foot-bridges are Meghalaya’s new attraction
In Meghalaya's southern part, foot-bridges built on tree roots help villagers cross rivers and streams. The footoverbridges have emerged as the new attraction in this Himalayan state. No wonder, the foot-bridges have been nicknamed by tourists as 'living foot-bridges' which take shape over 12-15 years, and they are the sole effort of the villagers sans any government help.
Post
NHAI gives more time to secure funding for highway project
Owing to delay in securing statutory clearances, the National Highway Authority of India (NHAI) allowed the concessionaire of the Kota-Jhalawar highway project in Rajasthan to take more time for financial closure. The lenders of the highway project asked for all the clearance to be on the safer side. The approvals from seve