Funding sources being sought for Indian highways

India’s Ministry of Transport and Highways is looking to source loans to help fund highway development. The Japan International Cooperation Agency (JICA) looks set to provide a partial source for the funding required. In all just over US$885 million will be needed to pay for India’s National Highway Development Project (NHDP). The Japan International Cooperation Agency (JICA) has approved a loan of just over $590 million for the Indian Government-run National Highways and Infrastructure Development Corp (NH
January 25, 2016 Read time: 2 mins
India’s Ministry of Transport and Highways is looking to source loans to help fund highway development. The Japan International Cooperation Agency (JICA) looks set to provide a partial source for the funding required. In all just over US$885 million will be needed to pay for India’s National Highway Development Project (NHDP). The Japan International Cooperation Agency (JICA) has approved a loan of just over $590 million for the Indian Government-run National Highways and Infrastructure Development Corp (NHIDCL). This loan facility will be used for two highway projects in Mizoram and Meghalaya. One of these is for upgrades to a 380km stretch on the Aizwal-Tuipang route on NH-54. The other project is to upgrade 40km of the Tura-Dalu route on NH-51. Overall, loan assistance from JICA is being sought for around 19 road projects. The Indian Government is also seeking loans from Asian Development Bank (ADB) for the Moreh-Imphal road.

Meanwhile India’s Bihar State Road Development Corporation's (BSDCL) has awarded a $459.5 million contract to build a bridge. The contract is for the construction of an extradosed six-lane cable bridge over Ganges near Patna's Kachchi Dargah on NH-30 and Bidupur in Vaishali on NH-103. The work will be carried out in partnership between Indian contractor Larsen & Toubro (L&T) and South Korean firm Daewood E&C.
Road Structures Finance & Funding

Related Content

  • Indian road improvement
    February 29, 2012
    Some 433km of roads in six states in India's North East region will be upgraded in work that forms part of the North Eastern State Roads Investment Programme.
    Read More
  • New Indian road projects underway
    July 26, 2023
    New Indian road construction projects are underway.
    Read More
  • Tajikistan road project funding package
    June 18, 2018
    Funding is being secured for a road rebuild and widening project in Tajikistan. The 82km road runs between Dushanbe and Bokhtar and the work should be complete by 2023. The Chinese contractor Xinjiang Beixin is working on phase 1 of the project, building a 33km stretch of the route that is costing US$96 million. Phase 2 of the project is for a 40km section of the route, with construction due to start in the second half of 2018. The phase 2 construction work will be financed by $90 million of funding being s
    Read More
  • India to upgrade roads linking it to Bangladesh, Bhutan and Nepal
    September 21, 2016
    India has approved an ambitious US$1.04 billion project for constructing and upgrading 558km of roads to link it with Bangladesh, Bhutan and Nepal. India's Department of Economic Affairs has agreed to the project that will have 50% funding from the Asian Development Bank. A report by India’s independent newswire agency IANS noted that the work will be done within two years. "We have taken up five highway stretches in the country, which are very important for such a connectivity to succeed. This project i
    Read More

Highlighted Content