With rains wreaking havoc across Goa, traffic on the main supply roads connecting northern Karnataka to the state crawled to a stop on Tuesday. This is likely to severely impact the state as a majority of Goa’s supplies come in from Karnataka. With heavy flooding and rising water levels across the state, the Pramod Sawant […]
Category: Roads
Affiliates of Singapore’s GIC set to invest up to Rs 4,400 crore in IRB Infrastructure
Affiliates of Singapore’s sovereign wealth fund GIC will invest up to Rs 4,400 crore in road assets of IRB Infrastructure Development. Nine of IRB’s build-operate-transfer (BOT) assets will be transferred to a private infrastructure investment trust (InVIT) in which it will hold a 51 per cent controlling stake, the firm said in a press release. […]
India fully committed to Kartarpur Sahib corridor, wants work to be completed expeditiously: MEA
The External Affairs Ministry Thursday said India is fully committed to the Kartarpur Sahib corridor project and wants the work to be completed expeditiously. The assertion came after a section of media reported that India is lagging behind in the construction of the Kartarpur corridor. “We are fully committed to this project and want it […]
Reliance Infrastructure signs inter-creditor pact
Reliance Infrastructure of the Anil Ambani group, has said 16 lenders have signed the Inter-Creditor Agreement (ICA) for the resolution of debt as per the Reserve Bank’s circular of June 7. RInfra said it has now achieved standstill for 180 days as per the ICA. According to the RBI circular, the resolution plan of Reliance […]