Japan International Cooperation Agency (JICA) has inked a pact with India Infrastructure Finance Company Limited (IIFCL) to provide 50 billion Japanese yen (about Rs.2,866 crore) of official development assistance (ODA) for implementation of infrastructure projects in PPP.
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The stage is set for take-off. It´s time to execute
We have been working with them to put together the investment policy - what should be the objectives, focus, sectors, types of investments and things of that nature. All that has been finalised.
7th Annual India Roads Conference 2015
The transformation of India´s roads seems to be a reality now. In February this year, the government pledged to invest Rs 80,000 crore in the sector in the Budget. And now the target is to award 10,000 km by March 2016.
Hitting the road
Investing in an infrastructure project isn´t really glamorous, more so if it happens to be a still developing economy like India that needs to first create some basic infrastructure. A new road project or a thermal power plant many not excite as much as investing in a cutting-edge technology start-up in India´s own Silicon Valley, Bengaluru
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.
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.
Thinking Afresh
A quality transition to the planned expansion will require a huge capital investment in electricity, railways, roads, ports, airports, irrigation, water supply and sanitation systems.
IIFCL seeks Korean investment in Indian infrastructure
With an agenda to attract investment in India, the IIFCL has organised a one-on-one discussion of Indian infra developer with Korean investors. The Korean delegation was led by Kim Kyung Wook, Assistant Minister, Ministry of Land, Infrastructure and Transport, Republic of Korea and Song, Byung Hak, Managing Director, KDB Infrastructure Investment Asset Management Co Ltd.
Govt likely to relax norms for road investments
The government is toying with the idea of relaxing investment norms in the road sector to attract foreign and domestic funds in projects