The Union Finance Ministry is considering various options to create infrastructure debt funds as India plans to spend over $1.5 trillion in next 10 years to revamp its crumbling infrastructure.
Tag: infrastructure
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India invites Australia to invest in infra
The Union Minister of Commerce and Industry, Anand Sharma, invited Australia to invest in India’s infrastructure sector aiming to strengthen economic and trade relations between the two.
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Ennore Board approves public issue, divestment
Ennore Port was granted in-principle approval by its Board to go public.
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Bumper to bummer
What our cities must get right before jumping to future transport options. “Why focus on urban transport?†asked a 2005 government presentation document, somewhat rhetorically.
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Vox Pop: Should cities focus on bus transit systems?
As many of our cities grapple with more basic needs, they also need to also understand infrastructure needs, viabilities and economies of scale in their transport infrastructure.
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Worli-Haji Ali sea link delay
The commencement of construction work at the Worli-Haji Ali sea link is slated to begin by the end of February 2011 as against December 25, as expected earlier.
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$750 mn will help Lanco acquire Australian coal
Lanco Infratech will acquire Australia based Griffin Coal Mining and Carpenter Mine Management (Griffin Coal).
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DoT to impose fine on infra companies
The Department of Telecommunications (DoT) will impose a fine of Rs 5 lakh each on infrastructure firms if their base transceiver stations (BTS) have not received environmental clearance by 15 November.
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Annuity-based projects to come under FRBM act
Fiscal responsibility act (FRBM Act) will soon include all infrastructure projects executed through annuity payments by the government to private sector developers to ensure they do not become a big burden in the future.
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Nine way split for L&T
Larsen & Toubro`s Chairman AM Naik has kicked off a restructuring plan that will divide the Rs 3,7000 crore engineering and infrastructure behemoth into nine virtual companies.