India’s highway financing programme planned

A budget of US$8.97 billion has been set as the limit on borrowing for India’s highways development programme for the 2017-2018 fiscal year. The financing agreement has been made by the National Highways Authority of India (NHAI), acting through the country’s Ministry of Road Transport and Highways. This substantial budget comes in spite of fewer projects being awarded as well as less financing having been secured during 2016. In the April to October 2016 the NHAI awarded contracts for 2,330km of highways.
November 30, 2016 Read time: 2 mins
A budget of US$8.97 billion has been set as the limit on borrowing for India’s highways development programme for the 2017-2018 fiscal year. The financing agreement has been made by the National Highways Authority of India (NHAI), acting through the country’s Ministry of Road Transport and Highways. This substantial budget comes in spite of fewer projects being awarded as well as less financing having been secured during 2016. In the April to October 2016 the NHAI awarded contracts for 2,330km of highways. However for the same period in 2015, the NHAI awarded contracts for 2,615km of highways. A system of bonds was used to raise the necessary funds in 2015 as well as 2016.

In India’s Telangana State, plans call for the construction of 650km of roads. This programme of works will form part of the NHAI’s plans for 2,600km of new roads in the state. Major works will include widening key links to four lanes so as to boost capacity and increase safety for road users. Meanwhile some $350 million has been secured from the New Development Bank (NDB) for repairs and maintenance works to 1,500km of roads in India.

Road Structures Finance & Funding

Related Content

  • Bangladesh moves forward with US$735 million highways programme
    August 5, 2021
    A massive highways development programme is being planned in Bangladesh
    Read More
  • East Africa drives towards road tolling
    March 18, 2016
    Road tolling is increasing in East Africa as the region’s countries expand highway networks - Shem Oirere writes. The drive towards road tolling in East Africa is gaining momentum. Uganda appears to have broken ranks with its neighbours to make huge strides in achieving progress with this innovative road financing plan. Road tolling has hitherto has been held back in East Africa for lack of political goodwill and State bureaucracies. Kenyan government officials have made announcements on planned road tollin
    Read More
  • India plans upgrading roads to highways
    January 23, 2017
    India’s Madhya Pradesh State is developing plans to upgrade existing roads to highway status. The programme will see up to 2,000km of roads being widened with extra lanes being added as well as new safety measures being installed. The aim of this programme is to boost connectivity in the state, with the plans have been developed by the State Government and now being submitted to India’s Central Government for approval. Funding for the widening and upgrade programme has yet to be announced however. Two of th
    Read More
  • New US$200 million ring road to be built in Belarus capital Minsk
    May 23, 2014
    Minsk is to benefit from a new ring road that will cut city congestion - Eugene Gerden reports The government of Belarus is investing more than US$200 million in the building of a new ring road around the country’s capital Minsk, in accordance with a government decree. Implementation of the project is taking place as part of the existing large-scale state road building programme in the country until 2017, with the total cost estimated at US$5 billion. The new road will measure some 85km long and will feat
    Read More

Highlighted Content