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.
Infrastructure/PPP news in India
MEP Infrastructure Developers Limited and Spain's Constructora San Jose have achieved financial close for the Mahuva - Kagavada section in India.
Fairfax India Holdings Corporation has completed its previously announced acquisition of 38% of the outstanding shares of Bangalore International Airport Limited for an aggregate consideration of approximately INR25.22 billion (US$385 million).
The Mumbai Metropolitan Region Development Authority (MMRDA) has received bids from several international companies to build the Mumbai Trans Harbour Link (MTHL).
IRB Infrastructure Developers, an Indian highway construction company part of the IRB Group, has announced it has completed the acquisition of remaining 26% stake in M.V.R Infrastructure and Tollways Pvt. Ltd. (MVR) from its previous promoters and other shareholders.
MEP Infrastructure Developers Limited has announced the financial closure of the Talaja-Mahuya Section PPP project.
Hyderabad International Airport Ltd (HIAL), a unit of GMR Infrastructure is planning to raise US$250-300 million by selling offshore bonds.
Abertis has closed the acquisition from MSIIPL and SMIT infrastructure funds, controlled by Macquarie and State Bank of India, of two of India's most important toll roads, the NH-44 and the NH-45, for a total amount of €128 million (US$134 million).
The National Highways Authority of India (NHAI) has announced it has re-launched the tender process to turn the existing Bengaluru-Mysuru highway (NH-275) in the State of Karnataka into a six lane expressway.
Maharashtra's City and Industrial Development Corporation (CIDCO), though the the project monitoring and implementation committee (PMIC), has selected a preferred bidder for the Navi Mumbai International Airport PPP project in India.
Maharashtra's City and Industrial Development Corporation (CIDCO), though the project monitoring and implementation committee (PMIC), has extended the deadline for the Navi Mumbai International Airport PPP project in India.
MEP SANJOSE Arawali Kante Road, a MEP Infrastructure Developers’ subsidiary, has announced it has achieved the financial closure as per the Concession Agreement executed with the Ministry of Road Transport and Highways (MORTH) dated June 28, 2016.
Airports Authority of India (AAI) has launched a tender process to seek a strategic partner for Operation & Maintenance (O&M) to ensure highest standards of service in select areas other than city side and air side but including passenger terminal, car park, aprons and associated utilities of the Sardar Vallabhbhai Patel International Airport at Ahmedabad, Gujarat and Jaipur International Airports, Rajasthan by entering into an O&M contract.
The Authority wishes to receive electronic Bids from world renowned Airport operators for the O&M arrangement of the Airports with clearly defined roles and responsibilities and risks of each Entity in terms of undertaking O&M of the Airports and both the entities will then enter into an agreement to operationalize the arrangement.
Abertis has reached an agreement for the acquisition from MSIIPL and SMIT infrastructure funds, controlled by Macquarie and State Bank of India, of two of India's most important toll roads, the NH-44 and the NH-45, for a total amount of €128 million (US$134 million).
Infrastructure company Essel Infraprojects has announced it has agreed to acquire two road assets in India from Patel Engineering and KNR Constructions.
GMR Airports Limited, a subsidiary of GMR Infrastructure Limited, signed the Concession Agreement with Government of Goa for the development and operation of north Goa’s Greenfield International Airport at Mopa.
Delhi International Airport (P) Limited (DIAL), India’s busiest airport, has raised US$522.6 million by issuing 10-year bonds in the international market at a coupon of 6.125 percent.
The Government of India has announced that it is planning to introduce roll-on/roll-off (RO/RO) services at five locations on the Ganges River, also known as Ganga.
The Russian Direct Investment Fund (RDIF) and National Investment and Infrastructure Fund (NIIF), established by the Government of India with the support of RDIF, have agreed to set up a US$1 billion Russia-India Investment Fund.