The Chennai Metro Rail Ltd is set to explore the possibility of using the Public-Private Partnership scheme for the development of the Chennai Metro three-corridors Phase II plan.
The Phase II project would have a 52km in length that will connect North Chennai to South Chennai and as far as Siruseri in India. It will represent an estimated investment of INR69.18 billion (US$995.21 million).
The construction of the project is expected to commence by December 2019 and will be completed by 2025.
Country updates
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May 22, 2019
Morgan Stanley in second close for its North Haven India Infrastructure Fund
Morgan Stanley has reached a US$104.25 million in a second close on its North Haven India Infrastructure Fund, bringing the fund’s commitments to date to US$404.25 million. The India-focus...
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May 20, 2019
Apis Growth Fund II invests in L&T Infra Debt Fund Ltd.
Apis Growth Fund II, a private equity fund managed by Apis Partners LLP (Apis), has entered into a binding agreement to acquire a minority stake in L&T Infra Debt Fund Ltd. (L&T IDF), a specia...
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May 17, 2019
IL&FS infrastructure debt fund makes on -time redemption
IL&FS Mutual Fund (IDF) made on-time redemption in its first debt fund series, IL&FS Infrastructure Debt Fund Series 1-A (IDF Scheme A), on its due date April 30, 2019. The Scheme redeemed IN...
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May 10, 2019
Cube Highways & Infrastructure agrees to acquire 39% stakes in Ghaziabad-Aligarh Expressway
Cube Highways & Infrastructure Pte. Ltd has agreed to acquire a 39% stakes in Ghaziabad-Aligarh Expressway Pvt. Ltd, an associate of Bharat Road Network Ltd (BRNL). The expressway is a...
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April 22, 2019
Tender launched for solar system installation in New Bongaigaon
The North East Frontier railway in India issued a tender notice inviting private developers to install a solar system in New Bongaigaon. The project includes Design, Build, Finance, Operate...
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