+
Canadian firm Fairfax will expand in Indian infra
ECONOMY & POLICY

Canadian firm Fairfax will expand in Indian infra

Canada based financial holding company Fairfax Financial Holdings Ltd is planning to expand into the Indian infrastructure sector and looks to go beyond airports and enter railway station redevelopment and port development and operations.

Sources told the media that Fairfax, through its newly created flagship and wholly owned Indian unit, Anchorage infrastructure investments holdings limited (Anchorage), has applied on nine railway station redevelopment tenders for New Delhi, Chhatrapati Shivaji Maharaj Terminus (Mumbai), Gwalior, Nagpur, Tirupati, and other stations.

Fairfax has also started consolidating all its India infrastructure investments under the name Anchorage. As the first step in this direction, the company is in the process of transferring the entire stake in Bengaluru International Airport Ltd (BIAL) to Anchorage. The stake transfer has received approval from regulators and existing shareholders of BIAL, said the Airports Authority of India (AAI).


Make in Steel 2021

24 February 

Click for event info


4th Indian Cement Review Conference 2021

17-18 March 

Click for event info


Fairfax India Holdings Corporation, through its wholly owned subsidiary, FIH Mauritius Investments Ltd, held the 54% interest in BIAL, which runs the Kempegowda International Airport Bengaluru.

OMERS Infrastructure is the largest shareholder in Fairfax India Holdings, an investment holding company listed on the Toronto Stock Exchange. OMERS is also in the process of acquiring a direct 11.5% stake in Anchorage for about Rs 950 crore.

Omers Infrastructure invests globally in infrastructure assets on behalf of OMERS, the defined benefit pension plan for municipal employees in the Province of Ontario, Canada.

Image: Foreign investors’ interest in India’s infrastructure will be a critical factor in this year’s ambitious budget.


Canada based financial holding company Fairfax Financial Holdings Ltd is planning to expand into the Indian infrastructure sector and looks to go beyond airports and enter railway station redevelopment and port development and operations. Sources told the media that Fairfax, through its newly created flagship and wholly owned Indian unit, Anchorage infrastructure investments holdings limited (Anchorage), has applied on nine railway station redevelopment tenders for New Delhi, Chhatrapati Shivaji Maharaj Terminus (Mumbai), Gwalior, Nagpur, Tirupati, and other stations. Fairfax has also started consolidating all its India infrastructure investments under the name Anchorage. As the first step in this direction, the company is in the process of transferring the entire stake in Bengaluru International Airport Ltd (BIAL) to Anchorage. The stake transfer has received approval from regulators and existing shareholders of BIAL, said the Airports Authority of India (AAI).Make in Steel 202124 February Click for event info4th Indian Cement Review Conference 202117-18 March Click for event info Fairfax India Holdings Corporation, through its wholly owned subsidiary, FIH Mauritius Investments Ltd, held the 54% interest in BIAL, which runs the Kempegowda International Airport Bengaluru. OMERS Infrastructure is the largest shareholder in Fairfax India Holdings, an investment holding company listed on the Toronto Stock Exchange. OMERS is also in the process of acquiring a direct 11.5% stake in Anchorage for about Rs 950 crore. Omers Infrastructure invests globally in infrastructure assets on behalf of OMERS, the defined benefit pension plan for municipal employees in the Province of Ontario, Canada.Image: Foreign investors’ interest in India’s infrastructure will be a critical factor in this year’s ambitious budget.

Related Stories

Gold Stories

Next Story
Infrastructure Transport

97 Per Cent Of Rongjeng-Mangsang-Adokgre Road Nears Completion

Deputy Chief Minister in-charge of public works Prestone Tynsong said in Shillong on 26 August that 97 per cent physical progress had been achieved on the ongoing Rongjeng-Mangsang-Adokgre road being constructed under the Non-Lapsable Central Pool of Resources (NLCPR). He noted the project was sanctioned in 2017 and that the stipulated time for completion had been 24 months from issue of the final work order. The deputy chief minister informed the assembly that the government had decided to include the remaining work under a World Bank project. In reply to a query from Rongjeng MLA Jim M Sangm..

Next Story
Infrastructure Transport

First TBM Starts Digging Five Point Three Kilometre Tunnel Under SGNP

The Goregaon-Mulund Link Road (GMLR) Phase three (B) project has reached a key milestone as the first tunnel boring machine (TBM) began excavation of the first of two tunnels beneath the Sanjay Gandhi National Park (SGNP). The machine, named Tulsi, started cutting a five point three kilometre bore that will link Dadasaheb Phalke Chitranagari in Goregaon East with Amar Nagar in Mulund West. Officials issued a statement noting the commencement of tunnelling work under the protected green belt. The twin tunnels are being constructed using mechanised tunnelling methods that aim to limit surface di..

Next Story
Infrastructure Transport

UP Approves Two Expressways And Rs 240 bn Infrastructure Push

The Uttar Pradesh Cabinet approved a series of infrastructure and industrial investment proposals totalling Rs 240 billion (Rs 240 bn), including two major expressway projects, a manufacturing and logistics cluster in Sultanpur and incentives for 11 industrial projects across the state. The decisions, taken at a meeting chaired by Chief Minister Yogi Adityanath, underline the state government’s focus on expanding road connectivity around emerging industrial hubs while attracting manufacturing investment to districts beyond major urban centres. The approvals cover both greenfield expressway c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code