IFC
International Finance Corporation, which is a part of the World Bank, has planned a green financing package of $150 million to the Kerala Infrastructure Investment Fund Board. KIIFB is a state government's infrastructure funding agency mandated with appraising, financing, and monitoring the construction of a portfolio of the State's infrastructure projects. The loan tenor is up to 10 years with a two-year grace period. IFC may mobilize around $50 million from parallel lenders. The investment proceeds will be used to finance critical urban infrastructure for Kerala and the funds will be deployed across two components: one would be construction of four new water supply projects, and the second would be construction of four hospital expansions which are to be EDGE (Excellence in Design for Greater Efficiencies) certified. Financing is expected to be accompanied by a comprehensive advisory package to: (i) help KIIFB implement the construction of water and hospital expansion projects according to international environmental and social (E&S) best practices and build up its E&S capacities, (ii) certify the hospital projects as green buildings using IFC's EDGE tool, (iii) help KIIFB develop a Green Financing Framework, and (iv) provide KIIFB with guidance and capacity-building for incorporating climate resilience into its operations.
The Rules of Doing Business Have Changed

The Rules of Doing Business Have Changed

Looking at the key economic indicators, India’s economy is at a critical juncture. To bring the economy back on track, the Government should aggressively continue its ‘Build India’ mission Read More ...
Aparna Constructions launches Aparna Kanopy Yellow Bells in Hyderabad

Aparna Constructions launches Aparna Kanopy Yellow Bells in Hyderabad

Aparna Constructions and Estates Private Limited is investing INR 450 CR into their newest project in Telangana – Aparna Kanopy Yellow Bells. The residential gated community is located in Kompally, an emerging Read More ...
MSRDC gets nod for 18-km long multimodal corridor

MSRDC gets nod for 18-km long multimodal corridor

The Maharashtra Coastal Zone Management Authority (MCZMA) has recommended Maharashtra State Road Development Corporation's (MSRDC) proposal for the construction of an 18-km multimodal corridor Read More ...
Gujarat floats global tenders for ₹3,800-cr port project

Gujarat floats global tenders for ₹3,800-cr port project

Gujarat Government has floated tenders for the development of a greenfield port at Nargol in South Gujarat on Build, Own, Operate, Transfer (BOOT) model involving an investment of ₹3,800 crore. The project Read More ...
MoRTH approves ₹1,500-cr ring road in Ambala

MoRTH approves ₹1,500-cr ring road in Ambala

The Union transport ministry has approved ₹1,500-crore ring road project in Ambala. For the construction of this new project, the ministry has marked 41 villages in Ambala and nine in Mohali, Punjab Read More ...
NCRTC starts work on 3-km long tunnel at Anand Vihar

NCRTC starts work on 3-km long tunnel at Anand Vihar

After constructing the first pillar (pier) of the 82-km Delhi-Meerut Regional Rapid Transit System (RRTS) corridor's Delhi section, the project marked another milestone by starting tunnelling work for the underground Read More ...
UPMRC launches construction of Depot Line in Agra

UPMRC launches construction of Depot Line in Agra

The Uttar Pradesh Metro Rail Corporation (UPMRC) has started the construction of a depot line for Agra Metro project, which is being constructed for the Line-1 (14.24 km) of Agra Metro from Sikandra to Taj East Gate Read More ...
NCRTC starts work on Delhi-Alwar RRTS Corridor

NCRTC starts work on Delhi-Alwar RRTS Corridor

The construction of the Delhi-Alwar Regional Rapid Transit System (RRTS) corridor has gained momentum with the National Capital Region Transport Corporation starting the groundwork for shifting of four Read More ...
UP launches ₹628-cr road along Upper Ganga Canal

UP launches ₹628-cr road along Upper Ganga Canal

The public works department of UP Government has started construction work on the 111-km long road along the Upper Ganga canal passing through Ghaziabad and Meerut to reach Muzaffarnagar. The corridor Read More ...
MoRTH clears a slew of road & bridge projects in Bihar

MoRTH clears a slew of road & bridge projects in Bihar

The Union transport minister has approved the construction of a four-lane bridge parallel to JP Setu over the Ganga River in Patna, and a 4-km-long six-lane road between Koilwar and Bihta, and declared Patna-Areraj Read More ...
Decks cleared for six-lane highway project in Andhra Pradesh

Decks cleared for six-lane highway project in Andhra Pradesh

The flyover across Krishna River to connect the capital city region of Amaravati in Guntur and Krishna districts in Andhra Pradesh has now become reality as the state government has resolved issues of land acquisition Read More ...
Rajesh Kamath to head thyssenkrupp Industrial Solutions India

Rajesh Kamath to head thyssenkrupp Industrial Solutions India

Rajesh Kamath will head thyssenkrupp Industrial Solutions India, the plant engineering group company of thyssenkrupp Industrial Solutions AG (BU Uhde) in India. Kamath will take over the reins of the Indian EPC Read More ...
DMRC unveils inter-connectivity between Green & Pink lines

DMRC unveils inter-connectivity between Green & Pink lines

The Delhi Metro Rail Corporation has planned to provide inter-connectivity between the Green and Pink Lines at the Punjabi Bagh West Metro station of the Pink Line. Delhi Metro is constructing an additional interchange Read More ...
Gadkari reviews progress of 5 expressways & 17 access controlled NHs

Gadkari reviews progress of 5 expressways & 17 access controlled NHs

Union Minister for Road Transport & Highways and MSME, Nitin Gadkari has reviewed the status of award, bidding and pre-construction activities related to five greenfield expressways and 17 access controlled Read More ...
GNIDA offers industrial plots at Ecotech-10 in NCR

GNIDA offers industrial plots at Ecotech-10 in NCR

The Greater Noida Industrial Development Authority (GNIDA) has launched a second industrial plot scheme in Ecotech-10 whereby about 74.5 acres of landmarked to be allotted as industrial plots of different Read More ...
TN plans to build five flyovers worth ₹500-cr

TN plans to build five flyovers worth ₹500-cr

The Tamil Nadu Government has planned to build five flyovers on Rajiv Gandhi Salai (Old Mahabalipuram Road) to decongest the busy IT corridor involving an investment of ₹500 crore. State PWD Read More ...
NHAI takes up ₹1,500-cr road project in Bihar

NHAI takes up ₹1,500-cr road project in Bihar

The Union ministry of road transport and highways (MoRTH) has given its clearance to build a 104-km long road from Manikpur to Areraj in East Champaran into a four-lane via Sahebganj. It will later connect to Read More ...
TNHB launches construction of high-rise towers

TNHB launches construction of high-rise towers

The Tamil Nadu Housing Board (TNHB) has started the construction work on the city's first high-rise residential project for the high-income group (HIG) category in Varaganeri. The board will also build a high-rise Read More ...
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