|
||||||
|
|
|
|||||||||
Tata Realty Mulling To Float $1billion Infrastructure Fund,In Addition To Other Urban InfrastructureBy ugesh sarkar, Section Infrastructure
Tata Realty, a wholly-owned subsidiary of Tata Sons, is set to float a new $1 billion infrastructure fund to part finance infrastructure projects across a wide range of areas from airports, roads and bridges, in addition to other urban infrastructure.
Sanjay G Ubale, MD, Tata Realty said, "We are in the process of tying up a $1 billion infrastructure fund to create the necessary resource base for the infrastructure projects that we are lining up. Our objective is to create world class infrastructure with the best technology in India." The new infrastructure fund to be raised from overseas investors is in addition to the existing $750 million Tata Realty Initiatives Fund-1, a real estate dedicated fund raised from overseas investors from Australia and elsewhere. TRIL has also bid for the development of the Udaipur and Amritsar airports in a consortium with Singapore's Changi International Airport and Tata Power. The consortium has qualified for the request for proposal stage in this case. The company has also qualified for 18 buildoperate-transfer (BOT) projects of the National Highways Authority of India (NHAI), which involve constructing four to six lanes on the highway network across the country. Click On "Full Story" For More...
The company also plans to participate in redevelopment and modernisation of railway stations, development of the Worli-Mahalaxmi sea link bridge in Mumbai and development of logistics parks pan-India. The proposed logistics parks will aim to provide integrated logistics services such as warehousing, cross-docking and multi-modal transportation.
"We are also identifying sites for greenfield development of airports. In addition, we are in talks with reputed port development companies worldwide to develop some ports in the country," Ubale added. Tata's maiden foray into the port sector, Dhamra Port in Orissa, a joint venture with Larsen & Toubro, however, has faced several constraints including protests from Greenpeace. Source: Realty Plus 12/Nov/2008
Tata Realty Mulling To Float $1billion Infrastructure Fund,In Addition To Other Urban Infrastructure | 0 comments (0 topical, 0 hidden)
|
|
