Project News Detail
| Project No : | 177305 |
|---|---|
| Project Title : | Infrastructure Works Projects In Maharashtra |
| Company Name : | Abu Dhabi Investment Authority |
| Project Detail : | Maharashtra Chief Minister Devendra Fadnavis and Indian Ambassador to UAE, Navdeep Suri, discussed investment opportunities for Abu Dhabi Investment Authority (ADIA) in Maharashtra The CM held a discussions on investments in ports, infrastructure and urban housing including slum redevelopments projects The ADIA has committed an investment of USD 75 billion in India through National Investment and Infrastructure fund. It has partnered with HDFC Bank, Kotak Mahindra Bank in Mumbai to make the investment in some of the identified areas ADIA has pledged USD 1 billion to HDFC Bank for investment in housing projects, with majority focus on affordable housing sector The CM discussed projects such as Mumbai-Nagpur super communication expressway and the rehabilitation and renewal project in Dharavi The renewal project in Dharavi involves providing water and sewerage connection to one lakh households. It also involves accommodating all manufacturing and commercial units as part of the slum rehabilitation project. The project is expected to cost Rs 25,000 crore Apart from this, the DP World has agreed to invest with MSRDC and state government’s SPV to develop logistics parks in Maharashtra using ADIA funding. The company has also committed to apply block chain technology to reduce custom and clearance formalities, reducing the turnaround time of ships at JNPT DP World, in partnership with the National Investment and Infrastructure Fund (NIIF), has announced the creation of an investment platform to infuse up to USD 3 billion in ports, terminals, transportation and logistics businesses across the country. A Letter of Intent (LoI) was inked with Thumbay Group |
| Project Location : | Mumbai - Maharashtra - India |
| Project Estimation : | Refer Document |
| Status : | Announced |