Dr. CP Joshi, the Union Minister for Road Transport and Highways today dedicated to the nation country’s first RFID Technology Based Electronic Toll collection Plaza at Chandimandir, Punchkula (Haryana) and four-laned Zirakpur-Parwanoo section of NH-5 in the states of Punjab, Haryana and Himachal Pradesh.
Speaking on the occasion, Dr. Joshi said that this is the high

The Government of India (GOI), Asian Development Bank (ADB) and States of Tamil Nadu and Uttarakhand today signed a $ 43.84 million loan agreement for the second tranche of Infrastructure Development Investment Program for Tourism. This agreement aims to enhance tourism environment in Tamil Nadu and Uttarakhand States with a view to draw increased volume

While presenting the Union Budget 2012-13 here today in LokSabha, ShriPranab Mukherjee, Finance Minister proposed allocation of Rs. 50 lakh crore towards infrastructure investment during the Twelfth Plan period. About half of this is expected to come from the private sector, he stated.
As part of the General Budget, the Finance Minister doubled the tax free

The Union Finance Minister Shri Pranab Mukherjee said that setting up of Infrastructure Debt Fund through public private partnership would meet the long term need of infrastructure sector funding. The Finance Minister Shri Mukherjee said that he is confident that the establishment of Infrastructure Debt Fund through PPP model would be a guiding principle for

Mr. Takeshi Maeda, Minister for Land, Infrastructure, Transport & Tourism (MLITT), Government of Japan along with a high level delegation from the Policy Bureau of the MLITT called on Dr. CP Joshi, Minister of Road Transport and Highways in New Delhi today. Both the Ministers discussed bilateral cooperation in infrastructure sector with special reference to

Konecranes announced that it had entered into an agreement to acquire the Indian crane company WMI Cranes Ltd. Konecranes has now completed the second phase of the acquisition whereby its ownership in WMI has increased from 51 percent to 100 percent.
Konecranes acquired WMI’s shares in two phases. In the first phase in February, Konecranes acquired

HCC Infrastructure Co Ltd, a 100% subsidiary of Hindustan Construction Company Ltd, will raise Rs.240 crore by diluting a 14.5% stake in its wholly owned subsidiary, HCC Concessions Ltd.
The stake is to be acquired by The Xander Group, a global investment firm focused on the infrastructure, hospitality, retail and real estate sectors. The transaction values

According to the Economic Times (ET) of India, Kohlberg Kravis & Roberts (KKR) is looking to acquire an additional 11% stake in Gautam Thapar-controlled Avantha Power and Infrastructure Limited (APIL).
The move will cost KKR an estimated $75 million. This will value the firm at $682 million. KKR had invested $50 million (Rs.217 Cr) in last

Morgan Stanley Infrastructure (MSI), the dedicated infrastructure investing platform of Morgan Stanley (MS), announced Thursday that Morgan Stanley Infrastructure Partners (MSIP), a US$4 billion global infrastructure fund, has committed to invest up to US200 million in a joint venture with Isolux Corsán Concesiones in India.
Grupo Isolux Corsán has also committed to match the investment in

In an announcement on the Bombay Stock Exchange, PBA Infrastructure Limited announced its planning to sell its 49% stake in Aurangabad Jalna Toll Way Ltd (AJTL) to Sadbhav Infrastructure Project Ltd. PBA Infrastructure holds 9, 65,816 equity shares of AJTL.
According to Deal Curry, AJTL, an SPV promoted by Sadbhav Engineering and PBA Infrastructure was incorporated