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

  • Spanish firm handling Indian road projects
    January 26, 2015
    Work on four new road projects in India will be carried out by Spanish contractor Isolux Corsan. In all the work is worth US$306.5 million. The 130km stretch of road connecting Talcher with Chandikole in Odisha is costing $124.9 million to construct. One stretch is for a 160km road between Phalodi and Jaisalmer in Rajasthan. The other two sections of road being built are in Assam.
    Read More
  • Pakistan secures loans for the M4 Khanewal and Shorkot section
    June 16, 2016
    The China-based Asian Infrastructure Investment Bank and the Philippines-based Asian Development Bank will co-finance a 64km highway project between Khanewal and Shorkot towns in Punjab province of Pakistan. A report in Japan Today said that ADB had approved a €88.85 million loan for the project. AIIB will likely get board approval for its nearly €89 million this month. A grant for the project worth nearly €34 million is being extended by the UK’s Department of International Development. The Pakistan
    Read More
  • New road project for Nicaragua
    August 19, 2016
    The World Bank looks likely to supply funding that will help pay for a major road improvement project in Nicaragua. The US$75 million loan should be agreed by November 2016, if all goes to plan. The funding will pay for major improvement works for the road connecting Nicaragua’s capital Managua with the country’s second city, Leon. At present the route suffers heavily from congestion at peak periods and is unsuited to the traffic volumes it has to cope with. The construction work is expected to commence in
    Read More
  • Financing for Mongolian road projects
    October 7, 2019
    Financing has been secured to help pay for a series of road and infrastructure projects for Mongolia.
    Read More

Highlighted Content