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

  • Ecuador road widening project planned
    July 3, 2018
    A road widening project worth US$134.3 million is now going ahead in Ecuador. The road connecting Aloag with Santo Domingo is being improved along a 100km stretch, widening the route so that it will feature two lanes in either direction instead of the single lane in either direction at present. This will boost the transport connection between Pichincha Province and Santo Domingo de los Tsachilas Province. The contract was originally awarded in 2015 but stalled in 2017 following a disagreement over tolling.
    Read More
  • Exhbition bC India will benefit from highway construction spending
    December 21, 2012
    After a slowdown in road projects last year, the road construction sector in India has picked up in 2012. With the National Highways Authority of India (NHAI) awarding new projects under the public-private partnership (PPP) programmes and the their execution picking up, the Indian construction industry is looking at making up for lost time with a flow of funds and EPC (engineering, procurement and construction) contracts in 2012. The effect of the sudden surge in demand for construction machinery, building
    Read More
  • Russia’s new high speed highway – with Italian investment
    January 30, 2020
    Italian investment will help to build a major high-speed highway in Russia
    Read More
  • Bangladesh highway contract awarded
    November 15, 2022
    A major Bangladesh highway contract has been awarded.
    Read More

Highlighted Content