A series of road projects is being awarded in Nepal. The announcements over the winning tenders for 13 projects is being made in Nepal’s capital Kathmandu. Financing worth US$300 million is being provided from Indian sources.
August 11, 2017
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A series of road projects is being awarded in Nepal. The announcements over the winning tenders for 13 projects is being made in Nepal’s capital Kathmandu. Financing worth US$300 million is being provided from Indian sources.
India’s Eastern Peripheral Expressway project is now moving forward - Partha Pratim Basistha reports. Work on the 12- year pending, National, Eastern Peripheral Expressway-2, surrounding India’s National Capital, Delhi and its National Capital Region (NCR) has finally commenced. The project involves the North Indian states of Haryana and Uttar Pradesh and this development follows the approval of India’s Supreme Court. The project was held up due to land acquisition issues. Contractors are now in the process
Indian company IL&FS Transportation Networks (IL&FS Transportation) will push ahead with vital major national road projects after securing loans worth more than US$480 million from lenders such as Yes Bank, IndusInd Bank and IL&FS Financial Services.
Of the loaned amount, $211.84 million from Yes Bank will be used to help finance the expansion of the Khed-Sinnar Section of NH-50 in Maharashtra to four lanes, while another $272.43 million from IL&FS Financial Services and IndusInd Bank will be used to hel
