India's massive highway programme continues

India's Government is continuing with its huge highway investment programme, with the Indian Road, Transport and Highways Ministry planning to announce US$15.66 billion worth of contracts in the 2011-2012 period.
February 14, 2012 Read time: 1 min
Highway No 8 is one of a series of new tolled links being built in India
India's Government is continuing with its huge highway investment programme, with the 1143 Ministry of Road Transport and Highways planning to announce US$15.66 billion worth of contracts in the 2011-2012 period. These will be for work to 11,050km of roads in all. This represents a 44% year-on-year increase in the National Highways Development Project (NHDP) from more than 5,095km to 7,300km. Meanwhile seven agreements, which carry Japanese loans totalling $1.93 billion as Official Development Assistance to India, have been concluded between the two countries. The sum will be used for projects such as the National Highway upgrade project in Bihar state, as well as a series of other transportation and infrastructure work. The loans are being provided by 2416 Japan International Cooperation Agency, which is coordinator of the assistance programme.

For more information on companies in this article

Related Content

  • India pushing ahead with infrastructure projects
    July 4, 2012
    Despite the economic downturn, India looks to be pressing ahead with its major infrastructure projects to further boost its incredible growth. Patrick Smith reports India, which like most countries has been affected by the current economic climate, although not to the same extent, is pressing ahead with its ambitious highway construction plans. Each week new projects are completed, started or awarded as the nation seeks to improve its transportation requirements. These are needed to meet the aspirations of
    Read More
  • Roads a priority in Oman’s $14.8bn infrastructure spend
    May 29, 2013
    An upcoming summit will look at opportunities offered by Oman’s infrastructure plans. Oman is planning to spend some US$14.8 billion on infrastructure in the coming years. The figure, almost half of the country’s 8th Five-Year Development Plan for 2011-2015, has been earmarked for overhauling roads, ports and airports with the objective to link the three modes of transport to improve interconnectivity. Oman’s huge infrastructure will include numerous road projects, bridge structures, tunnel constructions an
    Read More
  • Demand diversity in the construction equipment sector
    June 1, 2015
    Demand within the global construction equipment manufacturing industry is anything but homogenous, with certain countries and sales regions significantly outperforming others, with a whole host of factors fuelling and suppressing each key market - Guy Woodford reports
    Read More
  • Myanmar’s US$900mn Japanese loans for roads and other projects
    August 15, 2013
    Japan is to provide Official Development Assistance (ODA) loans worth more than US$900 million for road and other development projects in Myanmar. The multi-million dollar loan will be used for renovation and basic infrastructure in Yangon and for the Thilawa Special Economic Zone, said an official from Japan International Cooperation Agency (JICA). Currently, JICA is working on a master plan to develop Yangon, including more than 70 programmes that include renovation of the city's public transportation sys
    Read More

Highlighted Content