Road Assets News Today

The concept of pay-and-ride on Indian roads has been on the rise, a case in point being the new Mumbai sea bridge. It is expected to rise further.

LABUAN, Jan 22 — The RM125 million coastal road project spanning from Membedai to Tanjung Aru was officially handed over to the Works Ministry (KKR) today. The coastal road...

LABUAN: The RM125mil coastal road project spanning from Membedai to Tanjung Aru was officially handed over to the Works Ministry.

Yogesh Jain, MD, PNC Infratech Limited, described it as one of the most substantial transactions in terms of value within the Indian roads sector.

With interest rates moving up, valuations of HAM assets are turning more attractive

The first tranche of assets held by the InvIT includes 17 National Highways Authority of India (NHAI) toll roads and one NHAI annuity road asset, situated in 11 Indian states.

Following this acquisition, the infrastructure platform will scale up to 26 assets with cumulative annual revenue of nearly ₹2,700 crore. The platform will be a diverse mix of power transmission and substations, renewables and highway assets spread geographically

PNB reports fraud of Rs 2,000 crore in IL&FS Tamil Nadu Power Companys loan - Fraud of Rs 2,060.14 crore was reported to RBI by PNB in the accounts of IL&FS Tamil Nadu Power Company. PNB has made provisions for Rs 824.06 crore.

Private equity investor Actis, Canada Pension fund and I Squared Capital-backed roads operator Cube Highways are in the last lap of negotiations to buy Peak Infrastructure, a portfolio of operational road assets owned by Canadian investor Brookfield, three people aware of the development said

The InvIT attractd Canada Pension Plan Investment Board and Ontario Teachers’ Pension Plan Board as anchor investors.