India project receiving partial funding from South Korea

Construction of the new highway in India connecting Mumbai with Nagpur will commence in early 2018. The highway will be one of the largest construction projects in India as it will measure 701km long, running through 10 districts. It will cost US$7.09 billion to construct, with $5.4 billion of the funding necessary being provided in the shape of a loan from South Korea. The work is expected to take 36 months to carry out with the Maharashtra State Road Development Corp (MSRDC) managing the project.
October 16, 2017 Read time: 1 min

Construction of the new highway in India connecting Mumbai with Nagpur will commence in early 2018. The highway will be one of the largest construction projects in India as it will measure 701km long, running through 10 districts. It will cost US$7.09 billion to construct, with $5.4 billion of the funding necessary being provided in the shape of a loan from South Korea. The work is expected to take 36 months to carry out with the Maharashtra State Road Development Corp (MSRDC) managing the project.

Road Structures Finance & Funding

Related Content

  • India's new coastal connection
    March 16, 2012
    In India work is now kicking off on a new eight lane highway running from Nariman Point to Kandivali in Mumbai. The 35km highway will cost a projected US$1.58 billion to build.
    Read More
  • Boom in Asian infrastructure investment
    February 8, 2012
    Investment in China and India continues unabated, but other nations on the continent are eager to attract companies as Patrick Smith reports Asia is still booming despite the current economic crisis, and new infrastructure programmes are constantly coming on stream. Powerhouses China and India, with their double-digit growth figures and huge infrastructure plans (in scope and cost), are leading the way and are still magnets for businesses wishing to expand, both in terms of facilities and customers. But oth
    Read More
  • Turkey’s new Marmara Highway project
    June 8, 2017
    By the end of 2018, a shiny new strip of asphalt will skirt around Turkey’s largest city, Istanbul, providing a new transport connection.
    Read More
  • Key highway projects planned for Vietnam
    February 22, 2012
    Vietnam's new highway projects Key highway projects are being planned in Vietnam including the Ninh Binh-Thanh Hoa Expressway, which will run for 127km and is expected to cost US$1.6 billion to construct.
    Read More

Highlighted Content