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

  • Germany’s crumbling roads costing billions
    April 21, 2025
    Germany’s crumbling roads are costing billions to repair.
    Read More
  • Highway work planned for Serbia
    August 10, 2012
    A series of major highway construction and road repair projects is planned for Serbia. The World Bank (WB), the European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD) have all been in talks with the Serbian Government concerning funding for the work. Funding worth €408.46 million has been approved by the three banks for programme of highway construction and road repairs.
    Read More
  • Golden opportunities in the MINT - Mexico, Indonesia, Nigeria, Turkey
    May 21, 2015
    Mexico, Indonesia, Nigeria, Turkey – Global Report offers up some food for thought about where smart money might be headed within the next several years – David Arminas writes China’s rate of growth may be slowing down, but other South East Asian companies are being quick to offer alternate investment opportunities, notably Indonesia. Nigeria, too, has had issues with security of investment. But there are signs that the government may be getting serious at last about tightening up rules and regulation
    Read More
  • Bolivian project moving forward
    February 24, 2012
    Bolivia's 306km Villa Tunari-San Ignacio de Moxos road is due for completion in 2014. The new road will provide and important link for the departments of Beni and Cochabamba
    Read More

Highlighted Content