Adani Ports gets $290-mn investment approval in Myanmar

Adani Ports
The Adani Group has received in-principle approval from the Myanmar government to invest $290 million to build and operate a container terminal along the Yangon River for 50-years. This will be the company's second overseas venture after the Abbot Point terminal in Queensland, Australia. On this score, Adani Yangon International Terminal Co Ltd (Adani), a unit of Adani Ports and Special Economic Zone Ltd (APSEZ), has been approved by MIC (Myanmar Investment Commission), which is a single-window approval authority under the civilian government spearheaded by the Minister for Investment and Foreign Economic Relations U Thaung Tun. The Ahlone International Port Terminal 2 (AIPT 2) will be developed over 54 acres in Myanmar’s commercial capital Yangon. As part of the deal, Adani will set-up a maritime university to upgrade skills and build infrastructure such as waterways and other transport facilities to drive economic development in the region. The terminal will be built under the aegis of the Myanmar Port Authority and the Myanmar Ministry of Transport and Communication.

Schwing Stetter enters the mobile compact crushing space; joins forces with Rubble Master of Austria

Schwing Stetter India (SSI), signed a strategic partnership with global leader Rubble Master HMH GmbH, to enter the mobile compact crushing business. The partnership follows both the companies' recent participation in Bauma 2019 Read More ...

India poised to house 10 fastest growing cities in world

By 2035, the top 10 fastest growing cities in the world will be from India, stated a report by Oxford Economics. These are Surat, Agra, Bengaluru, Hyderabad, Nagpur, Tiruppur, Rajkot, Tiruchirapalli, Chennai and Vijayawada. Taking the Read More ...

Govt takes over 3 road projects of debt-ridden IL&FS

The government is set to take over three under-construction national highway projects that were being executed by debt-ridden IL&FS Group. The projects will be owned by the ministry of road transport and highways after the parties reached Read More ...

GMDA plans three roads at Udyog Vihar industrial hub

The Gurugram Metropolitan Development Authority (GMDA) has decided to build and widen three roads in Udyog Vihar industrial hub connecting to Old Delhi road — from Shankar Chowk, Shyam Chowk and Atlas Chowk, respectively. The nodal Read More ...

World-class upgrades for Greater Noida e-way

The Greater Noida Authority has decided to redevelop the 23km Noida-Greater Noida expressway with bitumen technology along with construction of four underpasses to match global standards. A survey has already been carried out by the authorities Read More ...

AFD inks Euro 100-mn MoU for Agartala Smart City

As a part of Agartala city development initiative under Smart City Mission, a team of Agence Française de Développement (AFD), French development bank, has signed an agreement with India to provide a loan of 100 million euros for 15 smart city Read More ...

Warbug-Runwal unveils $200-mn retail investment plan

Close on the heels of investing over $1-billion in Indian malls by US private equity (PE) firm Blackstone, another global PE player Warbug Pincus has indicated plans to pump a similar amount in malls together with its partner the Runwal group based Read More ...

Retail realty doubles investment to $1.2-bn in two years

India's retail real estate sector attracted private equity investment worth $1.2 billion in the past two years, doubling from the previous two years, according to Anarock property consultant, attributing the sharp rise in private equity Read More ...

CREDAI demands quicker clearances in Chennai

With real estate and housing sector facing various challenges in the country, the Confederation of Real Estate Developers Association of India (CREDAI) Tamil Nadu chamber has stressed the need for a single-window clearance for Read More ...

TSPD expands operational ambit into housing sector

After carving out a niche in setting up fuel stations, spas and food courts, the Telangana State Prisons Department has recently forayed into housing development for middle and lower middle class families. The activity is being Read More ...

KMRL cruises ahead with ₹1,987-cr Phase-II expansion

In a bid to speed up expansion work on Phase-II, the Kochi Metro Rail Ltd (KMRL) has conducted a Social Impact Study of the metro line from Jawaharlal Nehru International Stadium to Infopark via Kakkanad. The revised DPR has been Read More ...

NOIDA unveils twin metro connects to National Capital

The Greater Noida Industrial Development Authority (GNIDA) is planning two new Metro links to connect to the capital city. The plan is to extend the Delhi Metro Rail Corporation‘s (DMRC) Blue Line from Noida City Centre into a loop Read More ...

Plans afoot to widen NH-29 road stretch in Nagaland

In order to widen the National Highway 29 from Purana Bazaar to Chümoukedima stretch at Dimapur in Nagaland, the authorities have fast tracked the process of resolving pressing issues related to the 4-lane construction of the road Read More ...

LMRC marches ahead with ₹8,415-cr Agra metro rail project

Expanding the metro rail network across cities, the Lucknow Metro Rail Corporation (LMRC) is set to start construction of the Agra metro rail project involving an investment of ₹8,415 crore. It will provide respite from traffic congestion Read More ...

NHAI fixes ₹3 trillion roads & highways on radar

In a strategic move, NHAI has decided to consider only those projects that require minimal land acquisition. This is due to the increased compensation costs after the new Act — the Right to Fair Compensation and Transparency in Read More ...

Japan injects $5-bn in India's infra sector

In a major funding push, Japan has agreed to invest $5 billion in the current fiscal in the country's infrastructure sector covering surface and water transport, and power projects. More than 60 percent of the investment will be Read More ...
NBM&CW

New Building Material & Construction World

New Building Material & Construction World
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Modern Green Structures & Architecture
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Lifting & Specialized Transport
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Indian Infrastructure & Tenders Week

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