Malaysia Airports Holdings Berhad (MAHB) Group has announced that it is selling its entire 11% stake in GMR Hyderabad International Airport Ltd (GHIAL), the company that operate Rajiv Gandhi International Airport in Telangana, India, to GMR Airports Ltd (GAL) for an amount of US$76.05 million.
Infrastructure/PPP news in India
Paras Healthcare, a leading healthcare provider in northern India, and Heavy Engineering Corporation (HEC), a public sector undertaking, have announced that they are going to develop a 300-bed super specialty hospital providing tertiary care services in the city of Ranchi, Jharkhand as a PPP project. The PPP contract was signed on 16 January 2018.
The government of the state of Andhra Pradesh has finally approved lone bidder Adani Ports and SEZ Limited as the developer of Bhavanapadu Port project. Located in the north-coastal district of Srikakulam, the proposed port would serve the hinterlands of Odisha and Chattisgarh and nearby districts in Andhra Pradesh, which is in the south-east of India.
The government of the state of Telangana has appointed a consortium of LEA Associates South Asia Pvt Ltd (LASA) and CRISIL Risk & Infrastructure Solutions Ltd (CRISIL) to serve as transaction advisors for the Nehru Outer Ring Road in Hyderabad, the first toll, operate, transfer (TOT) project in India.
GVK Power and Infrastructure (GVK) has signed a concession agreement with the City and Industrial Development Corporation (CIDCO) of Maharashta to create a special purpose vehicle (SPV) for developing the Navi Mumbai International Airport (NMIA).
Japan Highways International (JHI), a Japanese consortium of infrastructure investors comprising Mitsubishi Corporation, East Nippon Expressway Company Limited (NEXCO East) and Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development (JOIN), has signed definitive agreements with Cube Highways to acquire a 20% stake in the company.
Cube Highways has announced the signing of definitive agreements for a minority stake sale to an entity that is ultimately wholly-owned by the Abu Dhabi Investment Authority (ADIA).
The government of Bangladesh under the Ministry of Housing & Public Works has released a Request for Qualifications (RFQ) seeking interested firms to undertake the development of Flyover from Shantinagar to Dhaka-Mawa Road through Public Private Partnership.
The National Mission for Clean Ganga (NMCG) and the state governments of Uttar Pradesh and Uttarakhand have awarded work to private sector for construction and maintenance of Sewage Treatment Plants in two major cities in Ganga river, Varanasi and Haridwar.
India's City and Industrial Development Corporation of Maharashtra (CIDCO) has received the financial proposal from GVK-led Mumbai International Airport (MIAL) for the Navi Mumbai International Airport PPP.
CG Tollway Pvt. Ltd., a Special Purpose Vehicle (SPV) of India’s IRB Infrastructure Developers, has achieved financial close for another BOT project in the State of Rajasthan.
Chittagong Port Authority (CPA), under Ministry of Shipping, Government of the People's Republic of Bangladesh, has received bids for the contract to build maritime terminal.
The Asian Development Bank (ADB) and the Government of India has signed a US$220 million loan for improving connectivity as well as transport efficiency and safety on state highways of Rajasthan.
GMR Goa International Airports Limited (GGIAL), a subsidiary of GMR Airports Limited, has executed debt facility agreement for the development of Greenfield airport at Mopa (India).
IRB Infrastructure Developers has announced it has achieved financial closure for the Udaipur – Gujarat Border 6 Laning BOT project.
The Government of India has granted in-principle approval for a US$3 billion airport PPP south of New Delhi in view of the rapidly growing flying requirements of the National Capital Region (NCR).
A total of 11 companies have expressed interest in running the operation and maintenance (O&M) of Ahmedabad and Jaipur airports, the contracts for which are expected to be awarded by the end of May.
MEP Infrastructure Developers Limited and Spain's Constructora San Jose have achieved financial close for the Mahuva - Kagavada section in India.
The Mumbai Metropolitan Region Development Authority (MMRDA) has received bids from several international companies to build the Mumbai Trans Harbour Link (MTHL).