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

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