I Squared Capital, through its ISQ Global Infrastructure Fund, has agreed to acquire 100 per cent stake in Jaipur Mahua Tollways Pvt Ltd from IJM Corporation, Malaysia, for Rs 525 crore (as disclosed by IJM Corporation to Bursa Malaysia).
Category: Roads & Highways
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Initial green nod for Mumbai coastal road
An ambitious coastal road from MumbaiĂ´s Nariman Point to Kandivali may be finally taking shape. CM Devendra Fadnavis has told the State Assembly that Environment Minister Prakash Javadekar has given an in-principle approval to the project.
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Atlanta eyes Rs.2,000-crore road projects
With the government expected to bid out nearly Rs 50,000 crore worth of road projects in the next 12 months, EPC firm Atlanta is eyeing around Rs 2,000 crore contracts, according to a senior company official.
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Tata Realty buys Expressway
Hyderabad-based Madhucon Projects has signed an agreement to sell its Agra-Jaipur Expressway project to Tata Realty and Infrastructure for Rs 250 crore, making it the second merger and acquisition deal in the roads sector in December 2014.
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ĂâWe are likely to exceed 5000 km of road length awarded by December 31, 2014Ăâ
Vijay Chhibber, Secretary, Ministry of Road Transport and Highways shares his views on the status of pending projects, the financing of projects and the much talked about Road Safety and Transportation Bill
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Road Sweeper RS 6000
It is highly essential to keep the roads and road sides spic and span. Cleaner roads are safer roads. Maintaining a clean road involves the removal of litter and removal of leaves from the roads.
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NeighboursĂ´ envy, IndiaĂ´s pride?
Vallarpadam in Cochin run by DubaiĂ´s DP World Ltd is slated to have a companion in Vizhinjam near Thiruvananthapuram as the new transshipment facility.
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Building Bridges
There have been several technology achievements in bridge design and construction in India over the past decade. Indian engineers, contractors and bridge designers have developed several state-of-the-art construction
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Seeking Stable Ground
From 3 km per day to 30 km per day from 2016 looks to be a tall order for the road construction in the country. While the current numbers still present a slow pace of development, the government is hopeful to make amends soon.
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India requires a deep market for IDFs to be tradable
I believe that the annual fund requirement of these projects will not go beyond Rs 50,000 crore as this will be done in phases, hence planning should be proposed accordingly.