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1.Railways to form SPVs with all states

According to a recent announcement by Railways Minister Suresh Prabhu, the Indian Railways has decided to form a Special Purpose Vehicles (SPV)


2.Phase II of Singaji thermal power project approved

The work on the phase II of Singaji thermal power project in Khandwa district is slated to begin soon.


3.MMRDA foraying into power generation

Mumbai Metropolitan Region Development Authority (MMRDA) is foraying into the power generation segment to ease the power shortage in the Mumbai Metropolitan Region.


4.Users recommend SPV for Mangalore airport project

Users of the Mangalore Airport have urged the union and state governments to implement the runway extension work by forming a special purpose vehicle.


5.Chhattisgarh to get rail corridors

Chhattisgarh will get a 180 km rail corridor on the Eastern Corridor, which will connect mines, a 150 km long corridor in the northern region and a 122 km long East-West Corridor.


6.Bankers to lend Rs 8.3 bn for Rs 11 bn road project

A consortium of bankers agreed to provide Rs 830 crore syndicated loan to Hospet-Chitradurga Tollways (HCTL) for the Rs 1,102.81-crore road project in Karn


7.Kochi metro plans SPV for transport project

In order to facilitate coordinated planning and implementation of the city’s transportation network, Kochi Metro Rail (KMRL) plans to set up a special purpose vehicle. The SPV, which would be set up under the aegis of the Unified Metropolitan Authority, would focus on the development of Kochi city's waterways, which will be integ


8.NHAI allows IDFC to pick up 74% stake in Delhi-Gurgaon e-way

The National Highway Authority of India (NHAI) allowed IDFC to pick up 74 per cent stake in the Delhi-Gurgaon expressway project from its original promoters. Following the acquisition of the controlling stake, IDFC, which is the leading lender to the project, is expected to manage the project efficiently to recover its inves


9.PMC to rope in firm to register SPV for metro project

DA Kamat and Company, which registered Mumbai Metro Rail Corporation with the registrar of Companies, may be invited to register a special purpose vehicle (SPV) for executing the Pune metro rail project. Recently, the standing committee of the Pune Municipal Corporation (PMC) cleared the proposal of the civic administration to appoint the firm for registering the S


10.NMTC to make presentation on metro rail project

Nagpur Mass Transport Company (NMTC), which is a special purpose vehicle (SPV) for setting up metro rail project in the city, would make a presentation before guardian minister Shivajirao Moghe on the project. After the presentation, NMTC will submit the detailed project report (DPR) to the state government which will forward it to the central government for budg


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