💰SWF – Sovereign Wealth Fund
Iran’s President Allocates US$ 500 Million from NDFI for Rail Leasing.
Iran President Hassan Rouhani has approved the transfer of US$ 500 million from the National Development Fund of Iran (NDFI), one of the Islamic Republic’s sovereign wealth funds, for the creation of a rail leasing company that will provide financing to local investors in the country’s rail projects.
Preparations for the company’s launch are expected to be completed by the end of Iran’s fiscal year – March 20, 2018 – according to Nourollah Beiranvand, Deputy Head of the Islamic Republic of Iran Railways.
Indian Infrastructure Platform Cube Highways Sells Minority Stake to Japanese Investors.
Singapore-based Cube Highways and Infrastructure Private Limited, a company that focuses on road and highway projects in India, has signed a definitive agreement to sell a 20% stake in its investment platform to Japan Highways International, a consortium of Japanese infrastructure investors led by the Mitsubishi Corporation, under undisclosed terms.
Sources close to the deal say it is worth between US$ 390 million and US$ 469 million.