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Canadian fund manager buys BRNL highway project in Odisha for Rs 2,000 crore The BRNL highway project taken over by CDPQ is a 67 kilometre toll road project from Bhubaneswar to Chandikhole in Odisha. Sources close to the development told BusinessToday.In that the deal is valued between Rs 1,800 crore and Rs 2,000 crore Ashutosh Kumar | January 21, 2021 | Updated 16:54 IST Bhubaneswar to Chandikhole toll project started in December 2011 with a concession period of 26 years Canadian institutional fund manager, Caisse de depot et placement du Quebec (CDPQ), has bought a highway project in Odish...

IL&FS gets approval to sell China road asset Justice Jain has been appointed to supervise the operation of the resolution process undertaken by debt-laden IL&FS. IL&FS IL&FS Group has received Justice (Retd) D.K. Jain's approval for sale of its Chinese road asset - Chongqing Yuhe Expressway Co Ltd (CYEC) to China Merchants & PingAn Infrastructure Phase 1 Equity Investment Fund (Tianjin), a group company of PingAn Insurance Company of China. Justice Jain has been appointed to supervise the operation of the resolution process undertaken by debt-laden IL&FS. The sale of the Chinese road asset wi...

news HotSpot, US firm to deliver 2,000 telecoms sites in rural Nigeria The Punch Ife Ogunfuwa Hotspot Network Limited, a tower collocation and infrastructure sharing service provider, has selected Parallel Wireless, a United States-based Open RAN company, to deliver 2G, 3G and 4G coverage across 2,000 villages in Nigeria for MTN. The Founder and CEO, HotSpot Network Limited, Morenikeji Aniye, in a statement said that it planned to deliver 500 sites in the first year for he telecom operator. The statement issued by Parallel Wireless is entitled ‘Hotspot Partners with Parallel...