The Ministry of Ports, Shipping and Waterways (MoPSW) has identified 13 domestic locations to connect four international destinations in Bangladesh, East Africa and Sri Lanka.

The Central Government has approved the Ministry of Railways’ proposal for a revised cost estimate for the construction of the Kolkata East-West Metro Corridor Project at an estimated cost of Rs 85.74 billion on Wednesday.

The Central Government is charting a plan to set up three large manufacturing zones for power equipment in different places in the country.

In a major reform, the Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved monetisation of assets of Powergrid Grid Corp. of India Ltd (POWERGRID), a public sector undertaking (PSU) under the Ministry of Power, through Infrastructure Investment Trust (InvIT) model.

Minister of Railways and Commerce & Industry, Piyush Goyal has directed the Dedicated Freight Corridor Corp. of India Ltd (DFFCIL) management team and the contractors to take all possible steps to speed up the pace of works on all the sections of the Western DFC (1,504 route km) and Eastern DFC (1,856 route km).

Minister of Railways and Commerce & Industry, Piyush Goyal on Monday has directed senior officials the Dedicated Freight Corridor Corp. of India Ltd (DFCCIL) to initiate measures to speed up construction of dedicated freight corridors compensate for the time lost due to the COVID-19 pandemic.

Across the world, some of the largest REITs own property types such as telecommunication infrastructure, industrial, data centres, retail malls, healthcare facilities, commercial offices, residential projects and several other assets. In comparison, it was only 17 per cent as of August 2019 in India.

IRB MP Expressway Pvt. Ltd, a special purpose vehicle (SPV) of India’s largest highways infrastructure developer, IRB Infrastructure Developers Ltd, has successfully achieved the financial closure for its first and the country’s largest toll-operate-transfer (TOT) project, the Mumbai-Pune Expressway.

The extended lockdown to contain the COVID-19 pandemic, which has stalled traffic on the ground as in the air, is expected to heap enormous losses on infrastructure industries in both sectors.