Infrastructure-Economy-News-The Economic Times

Homepage  Xml - Vorschau mit Bildern

NHAI Investment Trust to raise ?1,500 crore via bonds
The NHIT had acquired three highway assets from the NHAI in the last week of September. In all it is seeking to raise ₹3,800 crore for this transaction through a mix of bond issuance, private placement, and bank loan during the second tranche of asset monetisation.

NHAI raises Rs 1,217 crore through InvIT
"(The) ministry is thankful to all investors who have reposed faith in NHAI latest InvIT issue. Issue has been fully subscribed before its closing. NHAI has raised Rs 1,217 crore (excluding its own share of Rs 213 crore)," the Ministry Road Transport and Highways (MoRTH) said in a tweet on Monday.

Govt to approach capital market this month to raise Rs 2,500 cr for three road projects
"We will be approaching the capital market this month to raise around Rs 2,500 crore for the three road projects," he told PTI on the condition of anonymity. Infrastructure Investment Trusts (InvITs) are instruments on the pattern of mutual funds, designed to pool money from investors and invest in assets that will provide cash flows over a period of time.

Mumbai key infrastructure projects’ delivery to start by end of 2023, says deputy CM Devendra Fadnavis
The minister highlighted that the government realises the importance of the real estate sector and has been taking several proactive steps to provide a boost to it given its contribution to job creation and the economy as a whole.

Centre sanctions new rail-cum-road bridge project worth Rs 996.75 cr in Guwahati
Assam chief minister Himanta Biswa Sarma took to Twitter to express his gratitude for the step taken by the government. He wrote, “My gratitude to Adarniya PM Shri @narendramodi ji for his continued push to development of North East. The approval of a new rail-cum-road bridge across Brahmaputra near existing Saraighat bridge at Guwahati for Rs 996.75 cr is another step forward. Grateful Shri @nitin_gadkari Ji.”

'India is key to Ontario Teachers' Pension Plan Board's Asia story, easy to do business in'
Although it started with a focus on infrastructure, the Mumbai office will target investments in India across all asset classes, including public and private equities, infrastructure, real estate, credit and venture and growth equity. Deepak Dara, an existing OTPP employee, has been appointed senior managing director and head of India and will assume the role in early 2023.

Maharashtra government to spend Rs 6 lakh crore on state's infrastructure
Some of the new projects planned include creating an Expressway grid comprising 6-8 lanes that connects all districts of the state. State government officials said nine new Expressways were being planned, one of which is going to be the Pune-Nashik eight-lane Expressway. The estimated cost of these nine expressways could be around Rs 2.35 lakh crore.

393 infra projects show cost overruns of Rs 4.65 lakh cr
According to the Ministry of Statistics and Programme Implementation, which monitors infrastructure projects of Rs 150 crore and above, out of 1,526 projects, 393 reported cost overruns and as many as 647 projects were delayed. According to the report, the expenditure incurred on these projects till August 2022 was Rs 13,60,645.94 crore, or 52.49 percent of the anticipated cost of the projects

Identified PPP projects worth Rs 42,300 cr for major port development by FY25: Sonowal
The shipping ministry is identifying new road alignments, upgradation of existing roads, and new rail projects to manage the sizeable freight traffic demand of future, he tells Twesh Mishra in an interview.

NCLAT rejects claims of Reliance Infratel's 'indirect' creditors
National Company Law Appellate Tribunal (NCLAT) ruled in favour of Doha Bank on September 9. The Qatar-based bank had pleaded that the resolution professional (RP) should not admit claims from the Exim Bank of China, Assets Care and Reconstruction Enterprises (ACRE), Shubh Holdings and China Development Bank.

National Logistics Policy sets roadmap for developing more interconnected framework, say experts
The focal push for digitisation through platforms like ULIP and E-LogS is crucial to support the designed services improvement framework in improving regulatory inter-operability, standardisation of logistic processes and in bringing the entire multimodal network onto a single digital dashboard, enhancing visibility and transparency for all stakeholders.

PM Gati Shakti to add steam to 196 critical infrastructure gap projects
The PM GatiShakti plan was announced last year with an aim to break departmental silos and bring in a more holistic and integrated approach for planning and executing projects to address the issues of multi-modal and last-mile connectivity.

Highway construction slows to 19 km/day during April-August: MoRTH
"The Ministry has constructed 2,912 km of National Highways up to August 2022, as compared to 3,355 km up to August last year. The Award figure is 2,706 km during this period as compared to 3,261 km in the previous year," the Ministry of Road Transport and Highways (MoRTH) said in its monthly summary for the Cabinet for August 2022.

Installation of traffic management systems on highways is a huge opportunity: Nitin Gadkari
“The ATMS are being installed on all newly constructed highways and existing four plus lane highways to provide seamless and safe traffic operation,” Gadkari said adding that the Ministry aims to implement ITS on 15,000 kilometres of national highway by 2024 to strengthen road safety.

Port capacity doubled in India in 8 years: PM Modi
Prime Minister Narendra Modi said on Friday that port capacity in the country has doubled in the last eight years and stressed that infrastructure growth is key for development of a modern India. Speaking at the launch of various development initiatives at a public meeting here, he said for a developed India, the manufacturing sector and 'Make in India' need to be expanded.


1 2 3 4