Road Projects Current Affairs - 2019

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NIIF-Roadis to set up platform to invest in Road Projects

The National Investment and Infrastructure Fund (NIIF) and global transport infrastructure operator Roadis will jointly set up a platform to invest up to $2 billion of equity in road projects in India. The platform would target toll-operate-transfer models and acquisitions of existing road concessions. Roadis is a fully owned subsidiary of the Public Sector Pension Read More…

Month:  Categories: Business, Economy & Banking

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ADB, India ink pact to upgrade 176 km roads in Jharkhand

Multilateral lending agency Asian Development Bank (ADB) has signed a loan agreement with India for providing new loan of 200 million dollars to upgrade 176 km of roads in Jharkhand. The loan funds will be used to upgrade existing sections of four State roads to two lane standard. It will also support improvements in the Read More…

Month:  Categories: States

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Union Cabinet approves construction of 69 bridges on Trilateral Highway in Myanmar

The Union Cabinet has approved the construction of 69 Bridges including Approach Roads on the Tamu-Kyigone-Kalewa (TKK) road section of the Trilateral Highway in Myanmar. Decision in this regard was taken by Union Cabinet meeting chaired by Prime Minister Narendra Modi in New Delhi. These bridges will be constructed at a cost of Rs.371.58 crore Read More…

Month:  Categories: Governance & Politics

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