India’s massive plans for highway development

The Indian Government has set out plans to award highway projects worth at least US$8.84 billion during the next fiscal year. These projects will be offered under the hybrid annuity model, according to a report in the Economic Times. KPMG has stated that some 21 projects for a total of 1,500km and worth close to a third of that sum will be granted by the Indian Government in the current fiscal year.
February 10, 2016 Read time: 2 mins
The Indian Government has set out plans to award highway projects worth at least US$8.84 billion during the next fiscal year. These projects will be offered under the hybrid annuity model, according to a report in the Economic Times. KPMG has stated that some 21 projects for a total of 1,500km and worth close to a third of that sum will be granted by the Indian Government in the current fiscal year.

India’s Ministry of Road Transport and Highways has sought budgetary support from the Ministry of Finance and will grant a major tranche of highway projects in the next fiscal year. Under the new model, around 6,000km of highway projects will be granted by the Indian Government.

In India’s Karnataka State, work is due to commence on the upgrade of a highway connecting Mysuru and Bengaluru to six lanes. Construction work is expected to start and should be complete by 2018, with an estimated cost of US$515.65 million. This will most likely be carried out under a build-own-operate-transfer (BOOT) basis. The work on the 117km route will cut congestion and help reduce travel times.
Road Structures Finance & Funding

Related Content

  • 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
  • Transport plans for Indonesia
    November 28, 2012
    Indonesia’s Government is setting a US$20 billion budget for transport and energy sector development. The Indonesian Government plans to build 559km of new roads as part of a new transport infrastructure programme. Indonesia’s capital Jakarta faces a growing problem due to severe traffic congestion, which is particularly intense at peak periods. Increasing vehicle numbers in the city mean that the existing traffic problem is fast getting worse. The authorities are looking at policies to address the issue.
    Read More
  • India’s Karnataka State is revamping its rural roads
    May 4, 2020
    India’s Karnataka State has set out plans to revamp its rural roads.
    Read More
  • Black sea countries complete preparations for implementation of Black Sea Ring project
    August 23, 2016
    The Black Sea Ring Road project will improve transport connections for the region - Eugene Gerden writes. Russia has officially started implementation of a project, known as the Black Sea Ring Road, which involves building a four-lane highway system connecting the countries surrounding the Black Sea. The Black Sea Ring Road is a substantial project, a highway measuring some 7,140km in all. Among the countries participating in the project are Turkey, Georgia, Russia, Ukraine, Moldova, Romania, Greece and
    Read More

Highlighted Content