Indian projects in hand

The Indian states of Rajasthan, Maharashtra and Gujarat will see major expansion of road infrastructure.
March 2, 2012 Read time: 1 min
The Indian states of Rajasthan, Maharashtra and Gujarat will see major expansion of road infrastructure. In all some 906km of new road stretches will be built in these three states. The work will be financed loans worth US$250 million in deals agreed by 3531 India Infrastructure Finance Company Ltd (IIFCL), the Indian Government and the 943 Asian Development Bank (ADB). The plans form part of the second tranche of the Second India Infrastructure Project Financing Facility. The loan facility is for a total of $700 million and was first agreed in 2009.

For more information on companies in this article

Related Content

  • India’s US$13 billion expressway project
    August 14, 2024
    India’s US$13 billion Delhi-Mumbai expressway project should be complete in 2025.
    Read More
  • Indian road contracts awarded
    January 31, 2022
    Two major Indian road contracts have been awarded.
    Read More
  • Indian highway projects moving forward
    January 5, 2016
    Major highway projects are seeing progress in India. The US$1.52 billion Zojila Pass tunnel project is being planned in the state of Jammu and Kashmir. The project has been awarded to local road development firm IRB Infrastructure Developers (IRB). The 14.08km tunnel is expected to take seven years to complete. The concession for the project is for 22 years. As part of the deal, IRB will oversee the construction of 10.8km of approach roads on Srinagar-Sonamarg-Gumri Road in Jammu and Kashmir.
    Read More
  • India's rural road upgrades
    March 22, 2012
    The Indian Highways Ministry has plans to construct new roads in under-developed areas of the country. A budget of some US$3.19 billion is envisaged for the work required over the coming five year period.
    Read More

Highlighted Content