Green signal for Ernakulam Junction station renovation
Much to the pleasure of Kochiites, a redevelopment project is now in motion to transform Ernakulam Junction Railway station to match international standards.
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Express News Service
KOCHI: Ernakulam Junction, the focal point of Kochi’s rail connectivity, has been ailing with limited space and amenities for a while now. A long-pending redevelopment project by the Indian Railways is now in motion, with an aim to give the facility a facelift. The multi-crore project will upgrade the station to airport-like standards
Much to the pleasure of Kochiites, a redevelopment project is now in motion to transform Ernakulam Junction Railway station to match international standards. The project is being mooted at an estimated cost of Rs 229 crore and is expected to be completed in three years. Apart from improving the existing facilities, the proposal aims to build highrises that will house commercial
THE Federal Land Development Authority (FELDA) and its subsidiary FGV Holdings Bhd being in the news is nothing new, but things have picked up a few notches with tensions simmering between the two, culminating in the former wanting to end its land lease agreement with the listed unit. Then this month, FELDA said it wanted to take FGV private. Here are the main newsmakers in the FELDA-FGV saga.
Business tycoon and philanthropist
Businessman Tan Sri Syed Mokhtar Albukhary has been on The Edge’s newsmakers list every year for the past 15 to 20 years at least, with his vast empire of companies and his corporate manoeuvres that involve his two main listed entities, flagship MMC Corp Bhd and DRB-Hicom Bhd.
The Federal Land Development Authority (FELDA) bought 22 million shares in FGV Holdings Bhd in the open market yesterday for RM28.38 million as part of its efforts to take the plantation company private. The shares were bought at RM1.29 per share, slightly lower than the RM1.30 cash offer FELDA made for FGV shares, according to a statement from Maybank Investment Bank (Maybank IB).
New Delhi Railway station redevelopment to happen soon, details here
New Delhi railway station is the largest and second busiest station in the country and handles approximately 4.5 lakh passengers daily. (Image Source: Sameer Dixit/Zee Media)
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Updated: Jan 13, 2021, 09:07 PM IST
New Delhi railway station is soon to undergo redevelopment work. New Delhi railway station is the largest and second busiest station in the country and handles approximately 4.5 lakh passengers daily (approximately 160 -170 million passengers annually). It will be redeveloped by Rail Land Development Authority(RLDA) and Indian railway station development corporation (IRSDC) which has invited bids from private players.
LAST Friday, market talk had it that the Federal Land Development Authority (FELDA) had secured the requisite funding to buy the stakes held by Kumpulan Wang Persaraan (Diperbadankan), or KWAP, and Urusharta Jamaah Sdn Bhd (UJSB) in FGV Holdings Bhd.
The funding included the amount needed to buy up all the shares not under FELDA and parties acting in concert with it. Details of the funding, however, were unavailable but one source familiar with the matter said that FELDA obtained the loan as it had assets in the form of land.
“I would think it’s a club deal (a consortium of banks), no single financial institution would take up such a loan … or it (the privatisation) could be government funded,” one source says.