India Infrastructure and PPP News Round up. Late September - Early October
Date
October 03, 2010
Subscribe to our newsletter and get the latest news and business opportunities in your inbox
We took a while to recover the last week news in the PPP and infrastructure industry in India.I hope they are of your interest:- Essar, GMR among eight bidders for PPP power project in BangladeshIndustry sources said the project, one among the first public-private partnership power projects coming up in Bangladesh, may require an investment of about Rs 2,000-2,500 crore. BPDB and its subsidiaries may take about 40 per cent stake. Besides GMR and Essar, the other bidders are GDF SUEZ Energy Asia of Thailand, a local consortium of ERM Power and Shasha Denims, YTL Power International of Malaysia, Rupayan Power of Bangladesh, Beijing Jingneng Clean Energy Corporation and local Summit Industrial and Mercantile Corporation with Shenzhen Nanshan Power.
The stock was up nearly 8 per cent on Friday. The Noida Toll Bridge Company has been promoted by Infrastructure Leasing and Financial Services Ltd. (IL&FS) as a special purpose vehicle (SPV) to develop construct, operate and maintain the DND Flyway on a Build Own Operate Transfer (BOOT) basis
A day after the showcase Airport Express Line failed to get the mandatory safety clearances from the Commissioner of Metro Rail Safety (CMRS), Delhi Metro Rail Corporation (DMRC) has slapped penalties to the tune of Rs 11.25 crore on the concessionaire, Delhi Airport Metro Express Pvt Ltd (DAMEPL), a subsidiary of Reliance Infrastructure, which had been awarded the line for the next 30 years on Public Private Partnership (PPP) model. Read more: IGI line delay: Reliance subsidiary fined
The fund will be used as equity at the project company level for two subsidiaries. IVRCL Assets & Holdings Ltd (formerly known as IVR Prime Urban Developers Ltd) has raised Rs 250 crore ($55.5 million) from government controlled development finance institution IFCI Ltd through compulsorily convertible debentures. The company has stated the issue of debenture will be non dilutive on the holding company or IVRCL Assets & Holdings Ltd. The fund will be used as equity at the project company level for two subsidiaries: IVRCL Indore Gujarat Tollways Ltd (IIGTL) and IVRCL Chengapally Tollways Ltd (ICTL)
- India inks pact with UK for cooperation in highways.India has inked a pact with the UK for greater cooperation in highways development, consultancy and road safety, the government today said. The MoU was signed by Road Transport and Highways Minister Kamal Nath and his British counterpart Philip Hammond, Secretary of State, Department of Transport of the United Kingdom. "As part of the MoU , both the countries would engage in consultations and will exchange information and best practices in the areas of motor vehicle testing, driver training and delivering and maintaining of highway networks," an official statement said.
