In order to inject a major push to the sector, the Maharashtra government has drawn up detailed plans to set up a special purpose vehicle (SPV), Mahainfra, will raise about Rs. 1 lakh-cr for financing infrastructure projects across the state, State Finance Minister Sudhir Mungantiwar said recently, claiming that the funds would be generated in the next five years for infrastructure development. Given the constraints in raising such huge amounts, alternative methods, including tapping international funds, would be used. As a matter of fact, the Mahainfra is proposed to act as a single window for aggregating the land held by various departments for securitization, which are neither in use nor expected to be developed by the holding department for the next 10 years. The land will be escrowed to the SPV for generation of funds and securitization of the land will aid in raising funds through low-cost loans, bonds, and investments from large investors with long-term horizons such as national or international pension and insurance funds, he said.
📅Published on:
21 March 2017
🔗Share:
We Value Your Comment
⭐How useful is this information?
Submitting...
03
Thanks for your rating! ✌️ We’d love to hear more - share your thoughts by leaving a comment
Allcargo Logistics Limited has announced its initiative to enable FMCG companies to navigate increasingly fragmented inventory flows through integrated,
GHV Infra Projects Limited has secured a road construction and civil works contract worth Rs 815 crore from APCO Infratech Private Limited in Maharashtra.
JCB India announced the inauguration of a new facility of its dealer, Caculo Earthmovers in Karaswada, North Goa, further strengthening its presence in the
The Godhra–Vadodara section of the Delhi–Mumbai Expressway has been completed and opened for traffic on a trial basis from April 13, 2026, according to the
The Rajasthan State Industrial Development and Investment Corporation will invest Rs 1,200 crore to upgrade infrastructure across more than 450 industrial
Dubai has completed its first air taxi station near Dubai International Airport, marking a major step toward launching electric air mobility services later
Informa Markets in India is gearing up to host the 23rd edition of Roof India, Asia’s premier exhibition for roofing and allied products, from 23–25 April 2026
NBM Media
30+ years of reporting on infrastructure, construction, architecture, & real estate across print, digital, and social media.
