ICD halts $1bn Africa fund with IL&FS
Saudi-based Islamic Corporation for the Development of the Private Sector (ICD) halted plans for US$ 1 Billion fund with Infrastructure Leasing and Financial Services Group (IL&FS) Energy development company ltd. The Indian firm IL&FS recently undergone a restructuring. Indian government took control IL&FS after the infrastructure financing and construction company defaulted on debt accusations.
ICD decided to put the project on hold after reviewing the situation of IL&FS carefully. The company ICD signed a shareholder agreement with the private equity arm of IL&FS to launch an Africa-focused infrastructure fund with $105m in seed capital in January.
The Indian government replaced all board members of IL&FS and considering all options to revive the company.
Country updates
-
-
December 05, 2018
India prepares for privatization of six airports
The government of India has decided to tender PPP concessions for six airports located around the country: Lucknow, Ahmedabad, Jaipur, Mangaluru, Thiruvananthapuram, and Guwahati. The Airport Authorit...
Read more -
December 04, 2018
PSP and Ferrovial emerge as final applicants for stake in GVK Mumbai Airport
The operator of Heathrow, Glasgow, Aberdeen and Southampton airports 'Ferrovial' and Canada-based Public Sector Pension Investment Board (PSP Investments) have emerged as final bidders seeking to acqu...
Read more -
December 04, 2018
Government of Karnataka to tender elevated motorway PPP next year
The Chief Minister of Karnataka, a state in south-west India, has announced plans to develop an elevated motorway corridor in Bengaluru, the state capital, through a public-private partnership (P...
Read more -
December 04, 2018
Maharashtra Government extends Ahmednagar-Aurangabad road concesion
The Government of Maharashtra has extended the concession period for the Ahmednagar-Aurangabad road (SH-60) project of Ashoka Buildcon. The extension of the project will start on Decemb...
Read more -
November 26, 2018
Uttar Pradesh approves land acquisition for airport PPP project
The Government of Uttar Pradesh (UP), India, has approved around US$178.5 million to acquire 1,327ha of land for the proposed Jewar International Airport in Gautam Buddh Nagar. The airport will be de...
Read more
