IIFCL Projects to provide advisory services to Indian Railways
India Infrastructure Finance Company Limited (IIFCL), through its subsidiary IIFCL Projects Lt, is looking into providing advisory services to the Indian Railways.
According to SB Nayar, Chairman and Managing Director of IIFCL, the company aims to sign a memorandum of understanding (MoU) with Indian Railways to provide advisory services for the development of rail projects through public private partnership (PPP) schemes, among others.
Indian Railways has plans to raise about Rs57.8 billion (US$906.4 million) to carry out rail PPP projects. There area a pipeline of rail projects that could be developed, it includes investment of about Rs120 billion (US$1.88 billion).
Indian Railways is owned and operated by the government of India through the Ministry of Railways. It is one of the world's largest railway networks comprising 115,000 km of track over a route of 65,436 km and 7,172 stations. In 2014-15, Indian Railways carried 8.397 billion passengers annually and 1050.18 million tons of freight in the year.
IIFCL Projects Limited (IPL) provides varied advisory services from the point of identification and conception of infrastructure project and gauging their feasibility to the point of monitoring and supervision.
Country news
-
-
June 05, 2015
IRB Infrastructure wins Agra - Etawah bypass PPP
IRB Infrastructure has been selected as the preferred bidder for the Six laning of Agra-Etawah section of National Highway - 2 public and private partnership (PPP) project in India. Read more -
June 12, 2015
Kerala government accepts Adani Group's bid for construction of Vizhinjam port
Adani Ports and SEZ has been the only bidder for the project. Two other teams were shortlisted, ESSAR Ports and a consortium composed by Srei Infrastructure and OHL, but finally they do not submit any bid for the project. Read more -
June 22, 2015
Four teams qualified for Navi Mumbai airport PPP
Maharashtra's City and Industrial Development Corporation (CIDCO), though the the project monitoring and implementation committee (PMIC), has shortlisted all the four bidders for the Navi Mumbai International Airport PPP project in India.
Read more -
June 24, 2015
India approves 3 PPP projects after L&T terminates contracts
India's Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has given its approval for the development of the Amravati-Chikhli, Chikhli-Fagne and Fagne-Gujarat/Maharashtra border sections of National Highway NH-6 in Maharashtra, India. Read more -
June 24, 2015
L&T IDPL completes longest four-lane road project under PPP model in India
L&T Infrastructure Development Projects Limited (L&T IDPL) has completed the Beawar - Pali - Pindwara road PPP project in Rajasthan (India), the longest four-lane road project developed under the PPP model in the National Highways sector. Read more
