Transurban Group, owner of toll roads in Australia and Virginia, rejected an unsolicited takeover offer from Canada Pension Plan Investment Board and Ontario Teachers’ Pension Plan. Join discussion...

Macquarie Infrastructure Company LLC (MIC: News ) said its net loss was $18.35 million or $0.41 per share versus a profit of $0.50 million or $0.01 per share in the year earlier quarter, primarily reflecting a net non-cash derivative-related loss of $21.4 million. On average, 3 analysts polled by Thomson Reuters expected earnings per share of $0.53 for the quarter Join discussion...

When Virendra D. Mhaiskar joined his father’s construction company in 1995, it was just making asphalt and building municipal roads. Toll roads were a natural extension of this process. There was never any doubt in the young Mhaiskar’s mind about what he wanted to do after finishing with his education. Join discussion...

IRB Infrastructure Developers, the Mumbai-based highway builder, may raise up to Rs1,200 crore to fund its projects. Virendra D Mhaiskar, IRB's chaiman & managing director, said the company's board has passed an enabling resolution to raise Rs1,200 crore. "We have not decided how much we have to raise now or the instruments to be used," he said on a conference call on Tuesday. Join discussion...

The government on Wednesday said that meeting the deadline to award 12,000 km highway projects by March 2010 will be delayed by at least three more months. Road, transport and highways minister Kamal Nath said this singling out conflict of interest (crossholding in bid competitors) and other irritants in the concession agreement and bid documents as the reasons behind the slowdown. Join discussion...

The PPP project, which has the support of multilateral lenders like the Inter-American Development Bank, the International Monetary Fund and the World Bank, involves the construction of roads and hydroelectric dams, the joint management of natural resources, harmonisation of trade policies, electrical interconnection, and the installation of maquila or export-oriented assembly plants, among other aspects. Join discussion...

The Department of Transportation has dissolved all its privately funded road projects in the state. The DOT says its part of a plan to revamp a program meant to lure private money to transportation projects. Join discussion...

The Cabinet Committee on Infrastructure today approved the implementation of the project of four laning of Rohtak-Bawal section of NH-71 in the State of Haryana under NHDP Phase III on Design, Build, Finance, Operate and Transfer (DBFOT) Basis. The total project cost is estimated at Rs.650 crore under the DBFO pattern. The concessionaire will make all the expenditure to complete the project and will recover the same by user fee for 28 years including a construction period of 30 months. Join discussion...

The Cabinet Committee on Infrastructure today approved the implementation of the project of four laning of 84 Km long Barasat-Krishnanagar section of NH-34 in the State of West Bengal under the NHDP Phase III on Design, Build, Finance, Operate and Transfer (DBFOT ) Basis. The total project cost is estimated at Rs.859 crore under the DBFOT pattern. The concession period is for 24 years including a construction period of 36 months. Join discussion...

“I would like to suggest to the tourism ministry to identify places of tourist importance where roads need to be constructed. We (road ministry) would give Rs 50 crore to state governments from CRF to construct major district roads for better connectivity,” Nath said at the World Travel and Tourism Council on Wednesday. Join discussion...