IRB Infrastructure Developers achieves financial close of US$300 million road project in Tamil Nadu
IRB Infrastructure Developers has announced that its subsidiary IRB PS Highway Private Limited has achieved financial close of the four laning of a 56.8km section of National Highway (NH) 45A (new NH 32) in India, which runs between Poondiankuppam and Sattanathapuram in the state of Tamil Nadu.
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Country news
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October 03, 2018
GMR wins tender to upgrade and operate Nagpur Airport in India
GMR Airports Limited, a subsidiary of GMR Infrastructure Ltd., has announced that it has emerged as the highest bidder for the development, operations and management of Dr. Babasaheb Ambedkar International Airport, located in Nagpur, Maharashtra, central India.
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August 23, 2018
US$500 million highway concession in India up for sale
Ramky Infrastructure is reportedly in talks to sell the Narketpally Addanki Medarametala Expressway (NAMEL) concession to Cube Highways, valued at between INR33 and 35 billion (~US$470 and 500 million).
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August 06, 2018
Tata-Siemens consortium wins US$1.2 billion Pune Metro PPP
The Pune Metropolitan Regional Development Authority (PMRDA) has announced that a joint venture of Tata Reality Infra (TRIL) and Siemens Project Ventures has been awarded a contract to design, build, finance and operate a 23.3km metro line in the city, located in the state of Maharashtra, in western India.
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July 11, 2018
First phase of US$2.3 billion airport PPP in India reaches financial close
GVK Power & Infrastructure has announced that it has achieved financial close of the first phase of the INR160 billion (US$2.3 billion) Navi Mumbai airport PPP project. The company will deliver a new international airport in Maharashtra, west-central India, to relieve the pressure on Chhatrapati Shivaji International Airport (CSIA), the only airport currently serving the Mumbai Metropolitan Region.
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July 09, 2018
Adani Ports agrees to acquire L&T subsidiary for US$280 million
Larsen & Toubro (L&T) has disclosed to the stock exchange that it has entered a share purchase agreement regarding the sale of a 97% stake in Marine Infrastructure Developers Private Limited (MIDPL), which is responsible for the construction, maintenance, development and operation of Kattupalli Port, to Adani Ports and Special Economic Zone Ltd (APSEZ).
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