GMR Infrastructure has made an upfront payment of 14.4 billion Philippine pesos (about $320 m) and signed the concession agreement to develop and operate the Mactan Cebu International Airport in the Philippines.
Tag: 2013
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Gammon Infra to exit road projects
Gammon Infrastructure and National Highways Authority of India (NHAI) have mutually agreed to terminate concession agreements of two NHAI road projects, as they remained non-starters due to lack of land clearances,
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GALF to discuss issues in airport infrastructure
The second Global Airport Leaders Forum (GALF) taking place on 12-13 May 2014, under the patronage of Sheikh Ahmed bin Saeed Al Maktoum, will be co-located with the Airport Show Dubai.
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Ujaas Energy’s solar plans
Ujaas Energy recently announced the commissioning of 105 MW installed solar power capacity. Ujaas Energy under the National Solar Mission and the National Tariff Policy,
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Court relief for Parama flyover project
Calcutta High Court ordered Hindustan Construction Company (HCC) to construct the remaining portion of Park Circus-Parama Island flyover. The court accepted the HCC offer of Rs 257 crore for constructing the remaining part of the flyover.
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A brief on Sahar Elevated Road – (From WEH to Chhatrapati Shivaji International Airport)
The elevated road was conceptualized as there was no direct access to the International Airport. Now, this very soon-to-be-completed Sahar Elevated Road will facilitate easier and quicker access to the travelers proceeding to and from the Chhatrapati Shivaji International Airport (CSIA). This elevated road provides direct connectivity between the Western Express Highway and Terminal-2 of CSIA to be commissioned shortly.
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Rethink on premium highway restructuring
The C Rangarajan Committee, which was set up in October this year, made some key recommendations to be submitted to the Highway Ministry that include rescheduling of premium that road developers are liable to pay to the National Highway Authority of India (NHAI) and some breather from penalty norms.
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Rethink on premium highway restructuring
The C Rangarajan Committee, which was set up in October this year, made some key recommendations to be submitted to the Highway Ministry that include rescheduling of premium that road developers are liable to pay to the National Highway Authority of India (NHAI) and some breather from penalty norms.
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Essar Ports enters into Concession Agreement with Visakhapatnam Port Trust for development of three iron ore berths
Essar Ports Ltd. (Essar Ports), part of the $39 billion Essar, today announced that Essar Vizag Terminals Ltd., a wholly owned subsidiary of the company, has entered into a Concession Agreement with Visakhapatnam Port Trust for development
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CPSUs the cash machines
As the government prepares to divest PSUs and raise Rs 54,000 crore, it will simultaneously urge PSUs to invest in infrastructure projects. While this is a smart move to reinvigorate the stranded sector, the irony of public sector investment in private side of equity is not lost. While they stare at a disappointing year for PSUs on the stock exchanges, what has galvanised many of these mammoth organisations that have transformed these custodians of public money into vibrant, corporate and profit