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

  • Egypt’s massive road building expansion programme
    February 17, 2020
    Egypt’s massive road building programme will boost transport links.
    Read More
  • Indian infrastructure investment plans
    April 27, 2012
    In India innovative infrastructure investment plans are being drawn up intended to help develop the country's highway network. The National Highway Authority of India (NHAI) plans to finance its road projects by issuing bonds.
    Read More
  • Expanding the Panamericana Oestae Highway in Panama
    November 3, 2023
    Expansion of the Panamericana Oeste highway is an infrastructure project that will help guarantee the future of Panama - Mauro Nogarin writes
    Read More
  • NSW Australia investing in transport
    June 20, 2013
    Australia’s New South Wales (NSW) Government has outlined its massive transportation investment in the WestConnex project. This will be the largest urban transport project in the history of New South Wales. Some A$1.8 billion will be invested over four years from Restart NSW, the state’s new infrastructure fund. to finance the WestConnex project. And A$111 million will be committed in 2013-14 to get work underway on the 33km motorway. The NSW Government will fund the initial sections of the motorway. Privat
    Read More

Highlighted Content