Results for: Infrastructure Investment

The Securities and Exchange Board of India (SEBI) has proposed a series of significant changes to the regulatory framework for Real Estate Investment Trusts (REITs), Small and Medium REITs (SM REITs), and Infrastructure Investment Trusts (InvITs) in India. These proposals aim to clarify existing rules, promote sustainability, expand the asset base, and enhance operational efficiency of these investment vehicles. This article explores the key proposals and their potential impact on India’s evolving real estate investment landscape.

SMC Global, a prominent manufacturer and distributor of chemical products, has recently acquired a half-mile portion of railway from Union Pacific located in Kansas City, Kansas. The move is part of the company’s ongoing investment in its US infrastructure to improve shipping and receiving capabilities. SMC Global aims to partner with local businesses specializing in contract manufacturing, chemical transloading, and packaging.

Brightline West, a 218-mile electric high-speed rail line, has commenced construction in Nevada after receiving $3 billion from the Biden administration. The project, expected to be completed by 2028, will connect Las Vegas to Rancho Cucamonga, California, near Los Angeles, with stops in Apple Valley and Hesperia. Trains will operate at speeds over 186 mph, reducing travel time between Las Vegas and Rancho Cucamonga to 2 hours and 10 minutes. The project is expected to create 35,000 union jobs and remove 3 million cars from I-15 annually, reducing carbon emissions by over 400,000 tons.

U.S. Transportation Secretary Pete Buttigieg recently appeared on CNBC’s ‘Money Movers’ program to discuss the significance of high-speed rail and the possibility of increased public-private partnerships in such projects.