Engineering company IRB Infrastructure, on April 25, 2017, became the first firm to announce a public offer in the infrastructure investment trusts (InvITs) space, with a Rs 5,000-crore plus public issue of its fund … READ FULL STORY
A Bombay High Court bench of chief justice Manjula Chellur and justice GS Kulkarni, has ordered the Mumbai Metro Rail Corporation Ltd (MMRCL) to prove that it did not damage a children’s park, while … READ FULL STORY
Noting that more than 70 per cent of the population will move to urban areas by 2040, Ashish Kumar Singh, the Public Works Department’s (PWD’s) principal secretary, said that “This will require investment to … READ FULL STORY
Ever since the introduction of the SEBI (Real Estate Investment Trusts) Regulations and SEBI (Infrastructure Investment Trusts) Regulations in 2014, the market regulator and the government of India have initiated a number of reforms … READ FULL STORY
To commence work on the ambitious Rs 46,000-crore Mumbai-Nagpur Expressway from the originally planned date of October 1, 2017, implementing agency Maharashtra State Road Development Corporation (MSRDC) has decided to start making upfront payment … READ FULL STORY
Delhi Metro has finally approached the safety commissioner, for the inspection of the ITO-Kashmere Gate ‘heritage corridor’, even though it is likely to miss the March launch deadline. The 5.17-km-long section, an extension of … READ FULL STORY
Envisaging an investment of Rs 1 lakh crore in the next five years in the infrastructure sector, the Maharashtra government, on March 18, 2017, proposed to set up a special purpose vehicle (SPV) to … READ FULL STORY
The government is working on a Green Urban Mobility Scheme, to promote the use of hybrid/electric vehicles and non-fossil fuels among others, for public transport, the Rajya Sabha was informed on March 16, 2017. … READ FULL STORY
The cabinet, on March 6, 2017, approved a proposal to revive 50 unserved and under-served airports as well as airstrips, at an estimated cost of Rs 4,500 crores. With the plan, the government is … READ FULL STORY
The Maharashtra government and Abu Dhabi Investment Authority, will set up a joint task force to explore and facilitate investment in key infrastructure projects in the state. The suggestion came from chief minister Devendra … READ FULL STORY
The final coastal regulation zone (CRZ) notification regarding Mumbai’s coastal road project will be issued in a month. Maharashtra chief minister Devendra Fadnavis, said this after a meeting with Union Environment and Forest Minister … READ FULL STORY
With the Government of India (GoI) and the Reserve Bank of India (RBI) focusing on resolving stressed infrastructure assets, private equity firm Lone Star Funds and infrastructure financing company IL&FS, have announced a collaboration, … READ FULL STORY
The Earth Sciences Ministry’s ex-secretary Shailesh Nayak, has said that at a time when earthquakes happen frequently and temperatures are reaching extremes, the government’s ambitious Smart City mission should talk more comprehensively about the … READ FULL STORY
