The Asian Development Bank (ADB) and the Government of India signed an $80 million loan agreement to continue improving infrastructure in two North Eastern State Capital cities.
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Tag: Asian Development Bank
There is no explicit government guarantee but we are hundred percent government owned
It-¦s a very relevant point since $1 trillion is required for infrastructure spending as estimated by the 12th Five Year Plan and you need long-term low-cost funds. Clearly, the major supplier of those, the public sector banks historically, are not going to be able to fill this requirement.
Bonds credit-enhanced by IIFCL
Government-owned infrastructure financier, The India Infrastructure Finance Company Limited (IIFCL) announced the issuance of India´s first infrastructure bond, credit-enhanced by it.
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Established in 1996, Angelique International Limited has grown into a an engineering, procurement and construction (EPC) giant with a turnover now nearing $350 million, undertaking turnkey projects in power, water, irrigation and agriculture sectors as well as industrial projects in international markets of Africa, Middle East, Latin America and South East Asia.
India signs loan agreement with ADB
The Government of India has signed a loan with Asian Development Bank (ADB) for $123.51 million for the third tranche of the Infrastructure Development Investment Programme for Tourism. This is for upgrades to tourism infrastructure and services in Punjab, Uttarakhand and Himachal Pradesh.
ISSUANCE OF BONDS CREDIT ENHANCED BY IIFCL
The India Infrastructure Finance Company Limited (IIFCL) announced the issuance of India?s first infrastructure bond issuance Credit Enhanced by it. The rating of these bonds has been enhanced based on first-loss partial credit guarantee by IIFCL under its Credit Enhancement Scheme.
IWAI exploring various funding options
The Inland Waterways Authority of India (IWAI) is exploring various funding options to take up development work of inland waterways once Parliament passes the Inland Waterways Bill.
Toll Roads Securitisation in India
Toll road securitisation, as an alternative means of infrastructure financing, is gradually gathering momentum. Securitisation could be a panacea to the nation´s highly capital deficit sector and its growing requirement for long-term funding.
ADB funding 31,000 km rural roads
To support development programmes in India, the Asian Development Bank (ADB) is involved in constructing or upgrading 31,000 km of rural roads
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