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Construction & Infrastructure News

Amendments to IBC give homebuyers primacy with banks; gives status of secured financial creditors to home buyers

June 2018

In a welcome news for homebuyers, the Union Cabinet has reportedly approved amendments to the Insolvency and Bankruptcy Code (IBC) 2016, allowing hom...

Homebuyers, Union Cabinet, IBC, Ramesh Nair, JLL India

Cabinet approves amendments for PPP projects at Major Ports to usher in more private participation: ICRA

January 2018

The Union Cabinet has approved certain amendments to the existing Model Concession Agreement (MCA) for PPP projects at the Major Ports, which will ad...

Union Cabinet, PPP projects, MCA, Sagarmala programme, TAMP, SAROD-PORTS, K Ravichandran, ICRA, Investments, Major Ports

Fast-Tracking Metro

November 2017

Perceived to be a constructive and good step forward, the Union Cabinet recently approved the Metro Rail Policy 2017 to enable realisation of growing...

Union Cabinet, Metro-Rail projects, PPP, Dr E Sreedharan, DMRC, Central Government, Abhishek Gupta, BARSYL, Sunil Srivastava, EPC projects, Afcons, NCC, IL&FS Group, ITNL, IECCL

Six more IIT campuses approved at Rs 7,000 crore

October 2017

The Union Cabinet has sanctioned a fund grant of Rs 7,002.42-crore to set up six more permanent Indian Institute of Technology (IIT) campuses across ...

Union Cabinet, Indian Institute of Technology, Narendra Modi, IIT campuses

What will the new Metro Rail Policy bring in? Find out!

August 2017

The Union Cabinet has sanctioned the new Metro Rail Policy that focuses on urban development and cost reduction. The new policy requires thorough ass...

Union Cabinet, Metro Rail Policy, PPP component, Value Capture Financing tools

25,000-km Bharatmala project expedited

August 2017

Recent reports state that the Rs 10 lakh crore Bharatmala project spanning 25,000 km has been fast-tracked by the PMO. It is known that the highway p...

Bharatmala project spanning, UPA government, Union Cabinet, Public Investment Board

Poor Assessment of Triggers

June 2017

World Steel Association states that the global steel demand did increase by 0.2 per cent to 1,501 mt in 2016 after a contraction of -3 per cent in 20...

World Steel Association, GDP, Healthy, Jayantha Sampath, Concrete, John Keynes, Union Cabinet, K Shankar

Cabinet approves Noida - Greater Noida Metro Rail Project

May 2017

The Union Cabinet chaired by the Prime Minister Narendra Modi has approved the Noida - Greater Noida Metro Rail Project covering a length of 29.707 k...

Union Cabinet, Noida Metro Rail Project, Narendra Modi, GoUP, SPV, Government of India, NMRCL, Detailed Project Report
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