In a major boost to Prime Minister Narendra Modi’s ambitious National Investment & Infrastructure Fund, DP World Ltd., a Dubai-based port operator, has entered into a joint investment plan of up to $3 billion with the former.
The MAHA-Metro is planning to extend the Metro line from Pimpri to Nigdi, in the Pimpri-Chinchwad Municipal Corporation (PCMC) jurisdiction, and Swargate to Katraj in the Pune Municipal Corporation (PMC) jurisdiction.
The irrepressible Nassim Taleb has coined the term ‘IYI, or Intellectual Yet Idiot’ to denote those prone to making lofty predictions, but without any skin in the game. Our company has 16 operational infrastructure assets in transport and energy sectors, and our complete skin is indeed in the game. Hence the following views, as a practitioner, on the outlook for 2018. These comments are for all infrastructure, not just for the small subset of PPP that gets disproportionate attention.
Union minister Dharmendra Pradhan on Friday said an initiative by the transport and skill development departments to spend Rs. 15,000 crore as payment to labourers working on construction of national highways under Skill India, has been announced.
To power ambitious highway growth plans, NHAI will soon come up with a bonds issue offering attractive coupon rates of above 7 per cent, Union Minister Nitin Gadkari said today, urging the common man to invest in it rather than in chit funds and other such schemes.