NIIF to bag deal with Abu Dhabi Investment Authority for investment of $5-10 billion

28 Sep 2017 CW Team

The National Investment and Infrastructure Fund (NIIF) will soon be closing its very first major deal with Abu Dhabi Investment Authority who will be approximately investing $5-10 billon in several sectors, with their main focus on transport. The agreement is expected to be signed in the coming weeks, according to reports. In February of the preceding year, the government had signed an MoU with UAE to mobilise approximately $75 billion for NIIF. Another deal of nearly $1 billion with Singapore鈥檚 Temasek Holdings, a sovereign wealth fund, will soon be reportedly announced. These deals will mark the end of NIIF鈥檚 two year hiatus. According to reports, the government is also in talks with Canada鈥檚 Ontario Teachers鈥� Pension Plan and PSP Investments to invest around Rs 4,000 crore in road projects, but they have not arrived at anything conclusive as of yet. In early 2017, Finance Minister Arun Jaitley was reported saying that the Indian Infrastructure requires almost Rs 43 lakh crore worth of investments by 2022, 70 per cent of which will be for urban infrastructure, power and roads. The NIIF will employ the investment in greenfield, brownfield and stalled projects.

Infrastructure Urban

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3i Infotech Reports Rs 7.25 Bn Revenue for FY25

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Infrastructure Urban

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Infrastructure Urban

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