Track2Realty: Government is coming out with new PPP models to fast track infrastructure projects, said Jitin Prasada, Union Minister of State for Road Transport and Highways, while inaugurating the Conference on Infrastructure Project Management, organised by Confederation of Indian Industry in New Delhi on Thursday, Sep 20.
The Macquarie SBI Infrastructure Fund (MSIF) has announced the completion of an investment into Ashoka Concessions Limited (ACL) for $US150 million1 (INR8 billion), along with a co-investor, the SBI Macquarie Infrastructure Trust (SMIT).
US-based investment firm Xander Group will invest Rs.240 crore in construction and civil engineering major HCC Infrastructure.
With the government planning to invest a trillion dollars in the infrastructure space during the 12th Plan period, leading Japanese mutual fund house Daiwa is betting on the sector with a long-term view in mind.
In view of the farmers agitation in Greater Noida, the surface transport ministry is learnt to have taken a u-turn from its earlier stand of facilitating land acquisition for both infrastructure development and real estate projects.
Nearly four years back when the real estate market was at its peak all the developers tried to diversify into other greener pastures.