Preferred bidder selected for solid waste management plant in Dehradun

A bidder has been selected for the solid waste management plant at Shishambara in Dehradun, India. The state government has granted permission to the Nagar Nigam, the urban local body of  Dehradun, to open the tender which had received a single bid from Ramky Group. Read more

IFC commits up to $200 million to IFC Emerging Asia Fund with investors from Fiji and Korea

IFC, a member of the World Bank Group, has committed up to US$200 million to the IFC Emerging Asia Fund (EAF), which has reached a first close. IFC is joined by the Korea Development Bank (KDB) and the Fiji National Provident Fund (FNPF). Central to the EAF is mobilizing additional capital in emerging markets of the Asia region, given the scale of investment, innovation, technological development and employment creation required for sustainable development in many low and middle income countries in the region falls beyond the range of the public sector, making the private sector central to finding and financing the development solutions that are needed.   Investments by the EAF will be aligned to IFC’s strategy for the region, which includes a focus on addressing the infrastructure deficit, and at the same time it will also help investee companies raise standards, improve risk mitigation and generate value.   The new global architecture for international development, the Sustainable Development Goals, launched at the United Nations in 2015, highlights that financing sustainable development requires low and middle income countries tap new sources of capital from both private and public sources, including leveraging global private capital to most skillful effect. Two thirds of the world’s poorest people live in emerging Asia and yet it is the engine room of global growth being the fastest growing region and the largest continental economy by GDP in the world. This growth is a function of favorable dynamics such as the continued need for enhanced infrastructure, the emergence of a rapidly growing middle class and commitments by many governments in the region to political and economic reform.  Combined, these dynamics have created significant opportunities for investment in the region including China, India, Indonesia, Philippines and Asian frontier markets such as Vietnam and Myanmar.  Read more

Mumtalakat acquires an equity stake in leading Italian healthcare services provider, KOS Group

Bahrain Mumtalakat Holding Company, the investment arm of the Kingdom of Bahrain, has announced its successful acquisition of an equity stake in KOS Group, a leading European healthcare group focused on longterm care and rehabilitation services, with additional activities in hospital equipment management, diagnostics and cancer care services. This investment reflects Mumtalakat’s continued commitment to grow its portfolio across multiple sectors and geographies. Read more

IRB Infrastructure wins six-laning project in Rajasthan and Gujarat

IRB Infrastructure Developers, a PPP road developer in India, has announced it has emerged as preferred bidder for a road PPP contract. Read more

India´s Nhai awards contract for Salasar Nagaur road PPP in Rajasthan

The National Highways Authority of India (NHAI) has issued a Letter of Award (LOA) to Dineshchandra R. Agrawal Infracon Pvt. Ltd for the development of national highway sections in Rajasthan under phase IV of National Highways Development Projects (NHDP).  Read more