IIFCL on SEZ projects

The India Infrastructure Finance Company Ltd, the special purpose vehicle for financing infrastructure, will fund the projects in the Special Economic Zones (SEZ) as well, IIFCL Chairman S S Kohli has said.

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Mumbai Metro foundation laid by PM

The 50-year-old dream of T. S. Rao, former Chief Engineer of the erstwhile Bombay Electric Supply and Transport Undertaking — of constructing an underground railway in Mumbai — was fulfilled when Prime Minister Manmohan Singh launched the Mumbai Metro Rail Project on Wednesday.

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GVK ties up Rs 4,000 crore

Mumbai International Airport (MIAL), the joint venture company promoted by the GVK group, has tied up with the IDBI Bank-led consortium of banks to raise Rs. 4,000 crore for implementing the Rs 7,000 crore modernisation project over 20 years.

Since the yield on the three-year gilt is over 7 per cent now, the cost of loan works out to at least 9.20 per cent. The facility will have a 17-year maturity with a seven year moratorium.

MIAL plans to invest up to Rs 5,800 crore in seven years and the remaining Rs 1,200 crore will be invested in the next 13 years,? GVK executives told Business Standard. MIAL shares 38.70 per cent revenue with the AAI.

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Business Standard
My Iris

Metro rail to take off in Dec

The phase-I of Hyderabad Metro Rail project is all set to take off in December with the meeting between officials and investors held on Friday finalising the estimated cost and dates for grounding the project. The meeting also saw the total estimated cost of the project being increased to Rs 7,986 crores compared to Rs 6,300-odd crores estimated when the proposal was mooted.

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Times of India too 

Infrastructure on Airports & Metros

India to modernize 35 airports – The Indian cabinet approved a proposal mandating the state-run airport operator to modernize 35 airports in second-tier cities within the next two years, the civil aviation minister said on Thursday.

Estimates suggest an investment of USD$150 billion to USD$200 billion may be needed to upgrade infrastructure to the levels of leading Asian nations.

Now, Metro plans special IT zone – Delhi Metro Rail Corporation (DMRC) is the latest to join the SEZ bandwagon with plans to develop an information technology special economic zone (SEZ) at Shastri Park.

Economic Development in South

Increasing South-South exchange An article from Business Line, found to be the suitable under Infrastructure category.

The capital flow performance has been pronounced with South-South FDI flows rising from $14 billion in 1995 to $47 billion in 2003.

The pace of intra-South economic activity is expanding rapidly which, given the potential for development, could significantly alter the profile of the international economy in course of time.

The latest report on Global Development Finance GDF 2006: The Development Potential of Surging Capital Flows by World Bank, which is mentioned in the article is available in full text PDF

Airport Privatisation

Airport privatisation is taking off, what remains to be tackled to sustain growth in aviation? Financial Express, Insight Infrastructure brings you a cross-section of views.

Click on the titles to view the articles

Support flying clubs to ensure supply of trained pilots by SS Ramdas, Air Marshal

Many operational challenges in airport modernisation remain by Jayesh Desai, Ernst & Young

Airlines will need service quality regulation by Sebastian Morris, Professor, IIM-Ahmedabad

Don’t ignore local governments by Ramesh Ramanathan

On Infrastructure

An article on Infrastructure from ET, It was actually about the infrastructure developments done in Roads & Rail ways. Delhi Metro mention can be found at the last para.

Similarly Infrastructure initiative by the government was also mentioned in the same page article.