The Union Finance Ministry has sanctioned viability gap funding of Rs 1,920 crore for the Mumbai trans-harbour link, the Mumbai Metropolitan Region Development Authority (MMRDA) has said. The project, estimated to cost Rs 9,630 crore, will be implemented on public-private partnership mode. The construction period will be for five years.
Tag: Union Finance Ministry
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Corporate bond market
In order to develop a vibrant corporate bond market, the Union Finance Ministry is planning some steps in collaboration with Reserve Bank of India (RBI) and the Ministry of Corporate Affairs (MCA).
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AAI’s plea to Govt for Rs 3,000 cr bond issue
With an objective to finance modernisation of non-metro airports, State-run Airports Authority of India (AAI) on October 31 said that it will soon approach the Union Finance Ministry afresh with the proposal to raise funds through a Rs 3,000-crore infrastructure bonds.
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More conditions to get bank funds for road projects
The Union Finance Ministry has cited some suggestions as part of its attempts to improve the risk management practices of the public sector banks (PSBs) with regard to the roads sector.
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Equipment for key ports
Union Finance Ministry approved the installation of three mobile Gamma Ray scanners at ports of Chennai, Tuticorin and Kandla and four fixed X-ray
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Equipment for key ports
Union Finance Ministry approved the installation of three mobile Gamma Ray scanners at ports of Chennai, Tuticorin and Kandla and four fixed X-ray
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