AustralianSuper & Canadian fund commit $ 500-mn infra investment

AustralianSuper
AustralianSuper, Australia‘s largest pension fund, and leading Canadian fund the Ontario Teachers‘ Pension Plan, have announced that they will invest $250m each in India‘s infrastructure-focused sovereign wealth fund, the National Investment and Infrastructure Fund, with the potential of increasing that to up to $1bn each in the future. The government plans to power the country‘s economic development by building motorways, high-speed railways and efficient ports but has struggled to attract investors to a sector that is notorious for legal challenges, bureaucratic delays, and graft. The Canada Pension Plan Investment Board, which has already invested hundreds of millions of dollars in India's infrastructure, said that it was planning to open a credit business in India to seize on the post-IL&FS upheaval. The Australian and Canadian deal brings assets managed by NIIF‘s main infrastructure fund, the largest in India, to $1.8bn.

UP speeds up ₹14,000-cr Bundelkhand e-way corridor

The state government is set to start construction of the 296 km long Bundelkhand Expressway on December 16, when the PM will lay the foundation stone. The ₹14,000 crore mega expressway will crisscross the most backward areas Read More ...

NHAI kick-starts ₹6,371-cr highway widening in Chennai

National Highways Authority of India (NHAI) has started the ground work for widening of the Chennai-Trichy national highway between Tambaram and Tindivanam at a cost of ₹6,371 crore. A six-lane elevated corridor is being developed Read More ...

UP approves ₹2,682-cr metro extension in Noida

The UP government has cleared 15 km extension of metro line connecting Noida and Greater Noida. The ₹2,682 crore project will have nine stations between Gaur City and Noida Extension, said Industrial Development Minister Read More ...

KEC International lowest bidder for metro contract

KEC International has emerged as the lowest bidder (L1) for Phase IV of the metro rail project of the DMRC for which KEC International quoted ₹1,080 crore as against the estimated value of ₹1,030 crore. This is the second high-value Read More ...

AP fast tracks ₹8,300-cr Vishakhapatnam metro rail

According to the AP state’s minister for municipal administration and urban development Botcha Satyanarayana, the Visakhapatnam Metro Rail Project has been fast tracked and is being built in three phases during which work on corridors Read More ...

Railway launches ₹50 Lakh-cr rail infra upgrades

The Indian Railways has targeted to invest ₹50 lakh crore in the next five years and the key mission included development of railway stations and upgrade related rail infrastructure. The investment is being mobilized from various Read More ...

NHSRCL preparing DPR for six high speed rail corridors

The Union government has tasked the National High Speed Rail Corporation Ltd (NHSRCL) to prepare DPRs for six high-speed corridors to be built across the country. Of these, two are in Maharashtra including a 753-km-long Mumbai Read More ...

NHIDCL ropes in Spanish firm for tunneling in J&K

The National Highways and Infrastructure Development Corporation has engaged a Spanish Consultancy firm and an Indian private consultant to prepare a report for the construction of a tunnel on Mughal Road that connects Kashmir with Read More ...

Virgin Hyperloop enters Punjab’s road infra sector

The Punjab government is exploring the feasibility of a hyperloop transport infrastructure project in the Amritsar – Ludhiana - Chandigarh – National Capital Region (NCR) corridor.; and has signed a MoU with Los Angeles-based Read More ...

MoRTH ready to award ₹50,000-cr roads & highways

The transport ministry has decided to award ₹50,000 crore road and highway projects in the next three months, said Road Transport Minister, Nitin Gadkari. The projects command a length of 4,471 km and the ministry has already Read More ...

Railway Board gives nod to Nagpur metro project

The Railway Board has cleared the DPR of the Broad Gauge Metro rail in Nagpur linking the city to suburban towns. The report is being sent to the state government for final clearance. Dr. Brijesh Dixit, Maha Metro, said Read More ...

Comansa celebrates the launch of the 21CM750 model, the largest manufactured at its plant in Hangzhou

The launch of the new 21CM750 crane took place on 27 November, in Hangzhou. Comansa will also start manufacturing this model at its factory in China, mainly to meet the needs of the Asian market, which increasingly demand heavier Read More ...

Centre rolls out ₹50,000-cr road infra plans for Delhi

The Centre plans to implement road projects worth ₹50,000 crores to decongest roads in the national capital and reduce pollution currently plaguing the city. Union Transport Minister Nitin Gadkari said in a statement that the ministry Read More ...

AP unveils 140-km metro rail network

The Amaravati Metro Rail Corporation Limited (AMRC), an SPV for executing metro rail projects in Amaravati and Visakhapatnam in Andhra Pradesh, has prepared a metro rail master plan for a 140-km-long metro network to be executed in three Read More ...

Motia Group goes for ₹225-cr project in Zirakpur

Punjab-based real estate developer Motia Group has announced the launch of its commercial project Motia Guildford Square to be built on 3.75 acres at Airport road in Zirakpur on the outskirts of Chandigarh. The builder is offering Read More ...

Wienerberger AG announces Rs. 30-cr investment in its plant in Karnataka

Wienerberger AG, the € 3.3-bn global player in the construction sector, has announced an investment of Rs. 30 crore in its Kunigal factory in Tumkur district of Karnataka. CEO, Wienerberger Building Solutions, Christof Domenig Read More ...
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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

Lifting & Specialized Transport
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Indian Infrastructure & Tenders Week

Indian Infrastructure & Tenders Week