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 bypass for Meghalaya, India
    November 21, 2014
    A new two-lane road has been built in Meghalaya, India, providing a challenging project for the construction team The new road lies at a comparatively high altitude and provides a bypass around Shillong, the capital of Meghalaya and which is one of the smallest states in India. Shillong is located 1,496m above sea level, with the highest point being Shillong Peak at almost 2,000m, and the area has a much cooler climate than the rest of tropical India. Shillong is also only 55km away from Mawsynram, which is
    Read More
  • Loan for highway in India’s Chhattisgarh State
    June 4, 2019
    A loan will help pay for a new highway project in India’s Chhattisgarh State. The US$350 million loan is being provided by the Asian Development Bank (ADB). In all the highway is expected to cost $521.7 million, with the remaining $171.7 million being provided by the Indian Government. The new highway is expected to boost trade and transport in the state.
    Read More
  • Indian highways plan
    May 14, 2012
    Some 3,411km of highways in India’s Karnataka State will be upgraded over the next three years. The state authorities have given approval to the work, which is expected to cost up to US$420 million. Funding will be provided jointly by the World Bank and the Asian Development Bank. The authorities have set a target for the construction of 20km/day of highway by 2013 and 2014. A Traffic and Transit Management Centre will be built at Hebbal by Ramky Infrastructure.
    Read More
  • New Indian highway works in planning
    September 30, 2021
    New Indian highway works are in planning.
    Read More

Highlighted Content