Public private partnerships in infrastructure. India news Round-up
Date
July 02, 2011
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Apollo to invest $500 million In the largest private equity (PE) investment in India this year, Apollo Global Management Llc, a US-based PE firm with $70 billion under management globally, announced on Wednesday that it will invest $500 million in Welspun Group, a Mumbai-based pipe-to-textiles manufacturer.
Close on the heels of the proposed meeting with the Prime Minister to discuss implementation bottlenecks in the roads sector, private road developers have suggested a slew of measures to the road transport and highways ministry to expedite the National Highways Development Programme (NHDP).
India plans 550 mw of concentrated solar power by 2013Ministry officials said CSP could be an attractive option for the country, given the fact that large areas of northwest India fall in the high radiation zone. The costs can be brought down if concentrating mirrors and receiving tubes are manufactured locally.Hassan-Tumkur road link to be upgraded at a cost of Rs. 238.45 cr.The much-awaited upgrade of road connecting Hassan, Dudda, Tiptur and Chikkanayakanahalli (74 km) will begin shortly. Karnataka Road Development Corporation Ltd. has taken up this work under the public private partnership (PPP) model.HP developing seven bus terminals on PPP modeChandigarh, July 1 (PTI) Himachal Pradesh is developing seven bus terminals on public private partnership (PPP) mode, Himachal Road Transport Corporation Managing director Bharat Khera said.The OECD estimates that global annual infrastructure requirements for the period ending 2030 for electricity (transmission and distribution), road and rail transport, telecommunication, and water would be around an astounding 3.5% of world GDP-over $50 trillion.
Shipping min plans Rs 170 bn port expansion projects The Union Shipping Ministry plans to award port expansion projects on public private partnership (PPP) for the current financial year. The ministry will now award 24 port sector projects worth Rs 17,000 crore, against 12, requiring an investment of Rs 4,000 crore planned for the fiscal earlier.
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