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

  • Indonesia road project financing signed
    November 23, 2015
    A financing deal has been signed for a portion of a major highway project in Indonesia. The US$91 million loan package has been signed between Indonesian infrastructure financing company, Sarana Multi Infrastrucktur (SMI), and contractor, Hutama Karya. This will help pay for work on the 22km Palembang-Indrayala stretch of the 2,700km Trans Sumatra 2,700km highway project. The funds will be made available in three tranches. Funding from state sources will provide the remaining funds required for the Palemban
    Read More
  • US$2.8 billion expressway for the Philippines
    November 18, 2024
    A US$2.8 billion expressway project is planned for the Philippines.
    Read More
  • A new tunnel project for Turkey is a significant move
    December 12, 2012
    The European Bank for Reconstruction and Development (EBRD) is supplying a finance package worth US$150 million for the new Bosphorus crossing project in Turkey. Running under the Bosphorus at Istanbul, the new tunnel will connect both European and Asian sides of the city. The EBRD’s $150 million loan completes $1.4 billion worth of financing required for the Eurasia Tunnel project, being built under the Bosphorus straits. Other components of the $1.4 billion financing package for this PPP project include a
    Read More
  • New Ganga River crossing for India
    June 12, 2018
    A new bridge crossing is being planned for the River Ganges in northern India. The bridge will be 9.9km long and will cost US$291 million to build, with completion scheduled for late 2021. The bridge will carry three lanes in either direction and will be built at Allahabad, the confluence of the Ganges and its tributary, the Yamuna River. At present the existing Phaphamu Bridge at Allahabad is congested as it features just two lanes. The new bridge will help to improve transport to the important religious a
    Read More

Highlighted Content