Indian deal for key highway project

Work is progressing on the 180km National Highway 18 project in India linking Kurnool and Kadapa.
February 29, 2012 Read time: 1 min
RSSWork is progressing on the 180km National Highway 18 project in India linking Kurnool and Kadapa. The US$364 million project is being carried out by Rayalaseema Expressway under a build, operate and transfer (BOT) model. However a recent development is that SNC Lavalin Mauritius, a subsidiary of 2482 SNC Lavalin, has acquired a 36% stake in Rayalaseema Expressway in a financial deal worth $36.4 million.

For more information on companies in this article

Related Content

  • New motorway deal for Ireland
    May 3, 2013
    A new PPP agreement in Ireland will add a further 50km of motorway to the country’s road network. The new motorway construction will be carried out to the south of capital Dublin. The work will be carried out by the Dutch construction company BAM with financing for this PPP deal being provided by the pension fund manager PGGM. BAM and PGGM signed a PPP contract with the Irish National Roads Authority to build the new motorway links. Construction work is expected to commence in July 2013 and is due for compl
    Read More
  • Poland's highway plans to go ahead
    May 15, 2012
    In Poland, the European Investment Bank has committed itself to maintaining its loan agreement for the A1 highway, despite recent problems over the project. The e1.1 billion loan that the EIB had agreed with Autostrada Poludnie for construction of a 180km section of the A1 highway from Strykow to Pyrzowice, will now be placed at the disposal of the Polish highway authorities. To carry out the work, Poland has to raise a further e503 million, which could be obtained from an issue of road bonds. Autostrada Po
    Read More
  • Vietnam Expressway Corp to sell five highway routes
    October 31, 2014
    Vietnam is considering selling its ownership in several major highways to help pay for more road projects. The Ministry of Transport (MoT) recently said that the government’s infrastructure investor body Vietnam Infrastructure Development and Finance Investment (VIDIFI), would sell 70% of its ownership in the Hanoi–Hai Phong Highway project to a buyer from India. The move is part of a strategy that could see Vietnam sell off more of its investment in highway projects, either under construction or complete
    Read More
  • Colombia’s massive highway programme is moving forward
    June 13, 2017
    Colombia is pushing ahead with its 4G road development programme. Progress is being made with the construction of the Girardot-Honda-Puerto Salgar road connection, which is expected to cost US$518.6 million and is around 37% complete.
    Read More

Highlighted Content