It has been recently announced that Ramky will acquire a 50% stake in NAM Expressway Ltd from IL&FS Transportation and at the same time IL&FS will acquire a 50% stake in Jorabat Shillong Expressway from Ramky. As part of the transaction, IL&FS Transportation will receive a net payment of RS43.20 crore (US$6.16 million) for the two transactions.
Jorabat Shillong Expressway was formed with the intention to implement a lane-expansion project following a build-operate-transfer model. The joint venture was given a period of 20 years to design, construct, develop, finance, operate and maintain a 61.8 km stretch between Jorabat in Assam and Barapani in Meghalaya. The concession expires in January 2031.
Narketpally - Addanki - Medarametla Road involves the conversion of Km 0.000 to 212.500 four-lane expressway. The road is located in Telangana, formerly part of the state of Andhra Pradesh until its division in 2014. The 24-year concession contract is structured on a build, operate and transfer basis.
The state Government of Andhra Pradesh (India) has announced that the pre-bid meeting for request for proposals saw 13 reputed national and international agencies/companies taking part. Som...
Read moreThe 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 desig...
Read moreThe National Institute of Transforming India (NITI) has issued a Request for Qualification-cum-Request for Proposal (RFQ-P) for technical consultants for a ferry PPP project. The selected consult...
Read moreThe Airports Authority of India (AAI) has postponed the tenders for the privatisation of Jaipur and Ahmedabad airports, international airports serving the states of Rajasthan and G...
Read moreEssar Vizag Terminal Ltd (EVTL), a subsidiary of Essar Ports, announced on July 12th its newly commissioned 24 MTPA Vizag iron ore handling complex. The iron ore handling comp...
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