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

  • New India highway deal for Uttar Pradesh
    March 26, 2018
    A new highway project is being planned for India’s Uttar Pradesh State. The US$522.7 million project will see a 100km section of the Hapur Bypass being widened, so that it will feature three lanes in either direction. This section of the route is from Moradabad to Hapur and the work will be carried out by IRB Infrastructure Developers. The contract was awarded by the National Highways Authority of India (NHAI) under the build, operate and transfer model.
    Read More
  • Morocco highway works planned
    January 28, 2021
    Morocco highway works are being planned.
    Read More
  • Saudi Arabian capital Riyadh benefiting from major transport investment
    September 9, 2013
    Saudi Arabia is undergoing a series of upgrades to its transport network in a bid to improve Traffic flow rates and boost safety - Mike Woof reports. The massive growth in the use of motor transport worldwide since the start of the 20th century has transformed every country on the planet. But perhaps no country has changed more dramatically than Saudi Arabia, the world’s leading oil producer. At the start of the 20th century Saudi Arabia’s population was small and the country had few industries while it is
    Read More
  • India's electric vehicle future
    March 23, 2012
    Strong potential for electric vehicles is expected in India. Existing problems of pollution and massive population growth in cities and urban areas is expected to help fuel demand for electric vehicles in the country.
    Read More

Highlighted Content