IRFC Funds Surat Multi-Modal Transport Hub

20 Aug 2025 CW Team

Indian Railway Finance Corporation (IRFC) has sanctioned a fresh term loan facility of Rs 2 billion to Surat Integrated Transportation Development Corporation Limited (SITCO) for the development of India’s first Multi-Modal Transport Hub (MMTH) at Surat.

The loan agreement was signed in New Delhi between senior officials of SITCO and IRFC, marking a significant milestone in advancing one of India’s most ambitious transport infrastructure projects.

IRFC, established in 1986 as the dedicated financing arm of the Ministry of Railways, recently attained Navratna status. With a zero-NPA record, it continues to expand as a diversified infrastructure financier, supporting projects with forward and backward linkages to the railways. Its mandate includes financing in power, transmission, mining, coal, warehousing, telecom, catering, metro rail, freight corridors, ports, and logistics.

SITCO—a joint venture between the Ministry of Railways and the Government of Gujarat—is spearheading the project, which will integrate railways, metro, bus rapid transit, city and regional buses, and other modes of urban and regional transport. Passenger facilities and station infrastructure will also be upgraded to international standards.

IRFC’s financial support will strengthen the project’s viability, accelerate execution timelines, and contribute to regional economic growth. The Surat MMTH is expected to significantly enhance connectivity and capacity, furthering India’s transport modernisation and urban mobility goals.

The Chairman and Managing Director of IRFC said the initiative highlights IRFC’s role in funding railway-linked infrastructure that strengthens logistics, urban mobility, and supports the broader nation-building agenda.

Infrastructure Urban

06 Apr 2026

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

Domicil Debuts In Tricity With Luxe 9 Showcase

Domicil Germany, a luxury home furnishing brand from the House of HTL International, has made its Tricity debut with an exclusive showcase at Luxe 9, marking its first retail presence in the region.The invite-only event brought together architects, interior designers, real estate developers and high-net-worth individuals, reflecting rising demand for globally inspired, design-led living spaces.Centred on the theme ‘Celebrate Living with Timeless German Design’, the showcase highlighted Domicil’s focus on combining craftsmanship, functionality and refined aesthetics. Attendees experienced..