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

  • New highway bridge for the Philippines
    October 20, 2022
    A new highway bridge link is planned for the Philippines.
    Read More
  • East Africa’s dream of a ‘Silk Road’ in sight
    October 22, 2021
    East Africa’s dream of a ‘Silk Road’ route to boost trade and transport is now in sight
    Read More
  • Pakistan’s key highway and bridge connections
    September 28, 2017
    Plans are now being drawn up for a series of projects that will form part of the China-Pakistan Economic Corridor (CPEC). Four road projects worth over US$3.32 billion have been added to the CPEC programme. The Chinese Government is now in agreement with the plans for the CPEC. One of the new roads being built will run from Naukundi, through Mashkel and to Panjgur. The road will join National highway N-40 with CPEC Route N-85, and the Zhob-Kuchlak route. This last link forms part of the Western Corridor CPE
    Read More
  • Funding for Rwanda roads rebuild
    July 18, 2016
    Foreign funding will help pay for key road rebuilding work in Rwanda. Loans worth US$162.4 million are being provided by the African Development Bank (AfDB) and the Japan International Cooperation Agency (JICA), with a $22 million development grant also coming from the EU. These financial sources will help pay for work to improve the 92km long link connecting Kayonza with Rusumo as well as the 116km road between Kagitumba and Kayonza. These road links are of importance as they help connect Rwanda to its nei
    Read More

Highlighted Content