Infrastructure

The National Investment and Infrastructure Fund (NIIF) has secured a US$1 billion each from Australian Super and Ontario Teachers’ Pension Plan, which reflects a strong interest from foreign investors in India’s development.

The Cabinet has approved the Ratification of the amended Framework Agreement of the International Solar Agreement (ISA) for opening up the ISA membership to all countries that are members of United Nations.

The Cabinet Committee on Economic Affairs has approved construction of a Rs.3,438.51 crore new line between Vaibhavwadi-Kolhapur (now Shri Chhatrapati Shahumaharaj Terminus).

The National Highway Authority of India (NHAI) has invited investors to come up with more innovative investment models for the infrastructure sector such as the risk-free Toll-Operate-Transfer (TOT) project.

As on 19 July 2019, 3,700 projects worth about Rs.136,000 crore have been tendered under the 100 Smart Cities Mission (SCM) programme, said the Ministry of Housing & Urban Affairs on 29 July 2019.

Improvement of byepassed portion from 59,425-km to 63,750-km Dharamkot byepassed section, 63,950-km to 67,000-km Jalalabad byepassed section, 78,932-km to 80,600-km Bughipura byepassed section, 87,700-km to 90,645-km Butter bypassed section.

Minister for Home Affairs Amit Shah has laid the foundation stone of over 250 projects worth Rs.65,000 crores in Lucknow on 28 July 2019 at the Second Ground-Breaking Ceremony of the UP Investors Summit.

Mumbai-headquartered 3i Infotech Limited (BSE: 532628, NSE: 3IINFOTECH) has formed a strategic partnership with Dunamis Pacific Corporation, a US based IT strategy and enterprise solutions company to serve the North American construction industry.

Bid for Bundle-3, under the Toll-Operate-Transfer (TOT) Model, has been invited since 13 June 2019 with bid due date of 11 September 2019, Road Transport and Highways Minister Nitin Gadkari has told Parliament on 25 July 2019.

Exclusive Pavilions on AI, IoT, Robotics, Startups, Components and Parts will be showcased at the 10th edition of EXCON, South Asia’s largest construction equipment trade fair to be held in Bengaluru 10-14 December 2019.