India Infrastructure Update. Shingania and Partners. June 2011
Date
June 28, 2011
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Shingania and Partners released their 'Infrastructure Update' report of the month of June. They have changed the format of the report and now it is not so much about tenders but more about different pieces of news. The report not only focuses on infrastructure but also on renewable energy, power, oil and gas. The list of topics covered in the report is the following:- Roads & Highways
- Renewable Energy
- Power, Oil & Gas
- Ports
- Project Finance
Some interesting headlines that this 'Infrastructure Update' leaves are the following:
- While the Ministry has set a goal of awarding 7300 km of national highways projects in 2011-12, Prime Minister said that he expected them to exceed this target.
- The pace of construction in the sector rose from 4.9 km a day for the whole of last year to 6 km a day constructing 894 km of highways between January- May 2011.
- The government has decided to replace private sector infrastructure firms IL&FS and IDFC with state-backed institutions in a special purpose vehicle (SPV) set up to build a mammoth industrial zone between the nation's largest cities as it does not want private players to profit from the upside created by government funding.
- The Union government may allow industries located near the 13 ports it owns to set up cargo terminals at these facilities for their exclusive use.
- The Noida, Greater Noida and Yamuna Expressway authorities on Monday have planned for large scale infrastructure development across Gautam Budh Nagar district. In a joint board meeting, the major focus of the Authorities remained on providing connectivity within the district as well as with Delhi.
This week we got to know that there is a news Spanish company in the PPP Indian market, Constructora San Jose, S.A.. They have signed together with Supreme Infra the Concession Agreement with the Jaipur Development Authority (JDA) for the 47-km long Jaipur Ring Road project. The consortium has been advised by AFII Corporate Advisors Ltd., a boutique investment bank focussed on advising Indian & foreign infrastructure Companies on mega projects.
Some Indian companies are looking beyond their borders to expand their business. RPP Infra Projects Ltd today announced starting of a new venture in Sri Lanka. Unity Infraprojects is looking into Middle East and Africa for new business.
And the last piece of information here, Reliance Infra is in conversations for a stake sale with foreign funds and foreign strategic partners or private equity firms.
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You can see there is a new page on InfraPPP India. We are going to post some infrastructure positions in India so that you get a complete pack of information from our website.
