Macquarie, Canada Pension Bid for Indian Road Assets
Macquarie abandons Vibrant sale in India
Australia's Macquarie Asset Management has decided against proceeding with the sale of the renewable energy platform Vibrant Energy due to a discrepancy in valuation during negotiations.
Vibrant, which is a part of Macquarie's Green Investment portfolio, is presently operational and providing 1.9 GW of renewable energy solutions to corporate clients in India. It has an active pipeline of 3 GW. Previously, the company had been in talks with various entities including Bain Capital, Sun Energy, and Vitol, with the aim of achieving an enterprise value of $500 million. The sale process was..
HIT, owned by KKR, acquires 4 Road Assets from Macquarie India
Highways Infrastructure Trust acquires 4 Road Assets worth Rs 30 bn
Noida Authority's Road Repair Initiative
The Noida Authority has announced plans to undertake a comprehensive road repair and resurfacing initiative to address the deteriorating condition of roads in the city. This strategic move aims to improve the quality of transportation infrastructure and enhance the commuting experience for residents and commuters.
The road repair and resurfacing project will involve repairing potholes, patching damaged sections, and resurfacing roads to ensure smoother and safer travel for vehicles and pedestrians. The initiative comes in response to widespread concerns over the poor condition of roads,..
Loutolim Residents Upset Over Borim Bridge Project
Residents of Loutolim in Goa are expressing frustration over the lack of transparency surrounding the Borim Bridge project. The villagers are demanding clarity and openness from authorities regarding the details and progress of the project, citing concerns about its impact on their community and environment.
The Borim Bridge project, aimed at enhancing connectivity and infrastructure in the region, has been a subject of contention among Loutolim residents. Many locals feel that they have been kept in the dark about crucial aspects of the project, including its design, timeline, and pot..