Construction Infrastructure
Brookfield, Digital Realty to jointly develop data centers in India
Brookfield Infrastructure, a subsidiary of Brookfield Asset Management in Canada, and Digital Realty, a global provider of data centers listed on the New York Stock Exchange, today announced the establishment of a similar joint venture to develop data centers in India.
The joint venture (JV) will be known as BAM Digital Realty. The joint venture will add to Brookfield Infrastructure’s global data infrastructure portfolio, which already includes $23 billion in assets in data transmission, distribution and storage as well as a portfolio of 139,000 operational telecommunications wireless towers in the United States. Brookfield Infra plans to increase this to 175,000.
BAM Digital Realty intends to purchase land in several Indian cities to build data center complexes to support the needs of international and local enterprises as well as global hyper-scale service providers.
With the release from the joint venture, the joint venture will design, build and operate sustainable facilities, based on companies’ broad commitments to sustainable operations, such as carbon reduction initiatives.
News Source: ConstructionWorld
Construction Infrastructure
The Adani Enterprises unit has received a letter of approval for an NH project in Maharashtra
Adani Road Transport Ltd (ARTL), a wholly owned subsidiary of Adani Enterprises, has received LoA for a project involving six laning of Kagal-Satara section of NH-48 (old NH4) in Maharashtra. The project will be executed under the Bharatmala Pariyojana at ₹2,008.47 crores. The construction period for the 67-km long road project is expected to be 2 years from the date of appointment and the concession period will be 18 years.
With this project award, Adani’s road portfolio will have total 14 projects with more than 5,000 lane km with asset value exceeding ₹41,000 crore spread across India.
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