With IRB raising Rs 5,035 crore by unlocking six projects, Virendra Mhaiskar, Chairman and Managing Director, says that the entity would repay the entire debt on these Special Purpose Vehicles (SPVs), amounting to Rs 3,350 crore.
Tag: SPV
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Movers and Shakers
Urbanisation is an inexorable process as far as India is concerned. The future of India's growth lies in its cities, and a large chunk of our GDP will come from urban centres.
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Maharashtra forms new firm for state rail projects with Rail Ministry
Maharashtra has passed a Government Resolution declaring the formation of the Maharashtra Railway Infrastructure Development Company Limited (MRIDC), a joint partnership between the state government and the railway ministry.
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The Union Budget has a progressive outlook
The Union Budget for fiscal 2018 has a progressive outlook and encourages investments with initiatives like affordable housing being given infrastructure status to avail new funding avenues. The Budget has expanded the scope for the capital and bond markets.
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Infra-vestment | Follow the Money
India will need $1.5 trillion of investment in infrastructure over the next 10 years. Of this nearly $10 billion is required in sewage treatment plants. Similarly, about $8 billion is required to be invested in ensuring regular drinking water supply.
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We are constrained by our limited dredging capacity
The Inland Waterways Authority of India (IWAI) was set up in 1986. Since then till 2008, only five waterways could be declared as National Waterways. Work could be started on only three of them: National Waterway or NW-1 that is the Ganga National Waterway, NW-2 that is the Brahmaputra Waterway and NW-3 comprising the backwaters of Kerala.
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A Sustainable Blueprint for Smart Cities
The Smart Cities Mission ensures that systems and regulations that balance growth, business friendliness and public interest are in place, say Upendra Joshi and Shivanshu Thaplyal.
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Centre plans public transit hubs
An MoU has been entered into between the Ministry of Railways and the Ministry of Urban Development for integrated planning of railway stations in the cities included in the Smart Cities and AMRUT scheme.
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Centre plans integrated public transit hubs
An MoU has been entered into between the Ministry of Railways and the Ministry of Urban Development for integrated planning of railway stations in the cities included in the Smart Cities and AMRUT scheme.
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Navi Mumbai rejects Smart City proposal
The general body members of the Navi Mumbai Municipal Corporation (NMMC) have rejected the Smart City proposal for the third time, reports the Times of India. The conditions cited to be included in the Smart City list are ´unacceptable and not in the best interest of the city´, these members said.