Skip to main content

India highway projects being taken over

A Canadian firm is taking over three highways in India from Essel Highways. The US$472.8 million deal is for the the Essel Devanahalli Tollway in Karnataka state, the Lebad-Jaora highway in Madhya Pradesh and Essel Dichpally Tollway in Telangana. The Canadian company is Caisse de dépôt et placement du Québec (CDPQ)
July 24, 2019 Read time: 1 min

A Canadian firm is taking over three highways in India from Essel Highways. The US$472.8 million deal is for the the Essel Devanahalli Tollway in Karnataka state, the Lebad-Jaora highway in Madhya Pradesh and Essel Dichpally Tollway in Telangana. The Canadian company is Caisse de dépôt et placement du Québec (CDPQ)

Related Content

  • India’s massive plans for highway development
    February 10, 2016
    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.
  • Upgraded highways in India’s Andhra Pradesh State
    December 14, 2015
    Two key highways in India’s Andhra Pradesh State are to be widened and upgraded. The projects are being handled by the Stage Government of Andhra Pradesh. The work to upgrade the Ibrahimpatnam-Tiruvuru highway to four lanes will cost US$219.63 million. The work to upgrade the Machilipatnam-Vijayawada highway into four lanes will cost $77.22 million. In addition, a flyover will be built as part of the Vijayawada highway expansion. An additional $67.15 million will be spent on buying land and building a flyov
  • India: Asian Development Bank to support rural road works
    April 28, 2015
    The Asian Development Bank (ADB) said it will provide around US$2 billion for constructing new rural roads in five Indian states, according to The Hindu newspaper. The projects in Assam, Madhya Pradesh, Odisha, Chhattisgarh and West Bengal states, will involve constructing and upgrading 31,000km of rural roads that will improve connectivity to more than 12,500 villages. The move will also provide more employment opportunities in the area, improve school enrolment and provides better remuneration for f
  • Indian ring road project awarded
    May 8, 2023
    A major Indian ring road project has been awarded in Telengana State.