Fitch to rate Indian infrastructure debt funds
In a bid to inspire confidence in the Indian infrastructure sector among global investors, the central government has allowed India Ratings, the Indian arm of global rating agency Fitch, to rate infrastructure debt funds (IDFs) in the country. India...
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IRB to raise Rs500 crore
IRB Infrastructure has received approval from its board to raise up to र500 crore by means of private funds. The funds will be raised by issuing redeemable non-convertible debt securities, including senior and subordinate debt securities in one or...
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Six-laning of Ahmedabad-Vadodara expressway
The project to convert the Ahmedabad-Vadodara highway into six lanes is likely to be completed in two years. IRB Infrastructure is executing the project on a design, build, finance, operate and transfer (DBFOT) basis in BOT (Toll) mode of...
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Madurai and Tuticorin airports’ expansion plans
The Airports Authority of India (AAI) will soon get land from the Tamil Nadu government for the expansion of the Madurai and Tuticorin airports. The additional land will be used for expanding the runways, constructing additional terminal buildings to...
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Serco gets major US traffic contract
Secro has got a $355 million contract from the Virginia Department of Transportation (VDOT) in the US to integrate and operate VDOT’s transportation operation centres and manage the safety service patrol. The project will help VDOT implement a single,...
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HRS introduces Intellicone safety solution in UK
Highway Resource Solutions (HRS) has introduced an integrated road safety solution known as Intellicone on parts of the M6 motorway in the UK. Intellicone alerts road maintenance personnel and workers to the danger of an approaching vehicle. The system...
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Shortfall loan for Mumbai Trans Harbour Link
The concessionaire for the Mumbai Trans Harbour Link (MTHL) project will get a 10% shortfall loan from the Union government’s empowered committee of the department of economic affairs (DEA). The loan will make the project financially more viable and...
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Thales to supply Passenger Information System for Jaipur Metro
The Delhi Metro Rail Corporation has issued a contract to the Thales Group to supply a Passenger Information System for the Jaipur Metro. The system will interface with a rail traffic management system and use a single software to...
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Mumbai-Pune Volvo buses to get Wi-Fi
The Maharashtra State Road Transport Corporation (MSRTC) plans to install Wi-Fi sets on 100 Shivneri AC Volvo buses that it operates between Mumbai and Pune. The service, which will be free, will allow commuters to access the internet from...
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IL&FS gets major contract
IL&FS Transportation Networks recently got a contract from the National Highways Authority of India (NHAI) to widen a 123km stretch of the national highway NH2. The project, to convert the stretch into a six-lane road, will be executed under...
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