Cintra completes acquisition of 24.86% stake in IRB Infra
Cintra has completed the acquisition of a 24.86% stake in Indian company IRB Infrastructure Developers. The transaction is valued at EUR369 million (US$419.17 million).
IRB Infrastructure Developers is an infrastructure company operating 24 toll road concessions in India. The portfolio includes around 20% of the Golden Quadrilateral and Mumbai-Pune Expressway.
Country updates
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January 05, 2022
IndiGrid assumes control over SPV for energy production PPP in Maharastra
REC Power Development (REC), a public-owned company, has handed over SPV responsible for the development of 1 GW capacity renewable energy plants to IndiGrid 1 and IndiGrid 2. Both companies are subsi...
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December 28, 2021
India signs concession agreement for six laning of Chittoor - Thachur highway
National Highway Authorities of India (NHAI) has executed concession agreement for six laning project of Chittoor-Thachur highway. Chittoor Thachur Highway Private Limited, a subsidiary of IRB in...
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December 21, 2021
New loan announced for Surat metro project in India
The Government of India and the Germany Development Bank (KfW) have signed a EUR442.26 million (US$498.33 million) loan for the Surat Metro Rail project. With the total estimated cost of EUR1.5 billi...
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December 16, 2021
India identified 13 airports for PPP procurement
The Airports Authority of India (AAI) has announced plans to monetize airports across country under the National Monetisation Pipeline (NMP) program. A total of 25 airports were identified for asset m...
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December 09, 2021
Tender issued for USD160 million water supply PPP project in India
Jharkhand Urban Infrastructure Development Co in India and Asian Development Bank (ADB) have launched a tender seeking strategic consultant for water supply infrastructure in towns of Ranchi, Hus...
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