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)

Finance & Funding

Related Content

  • India's rural road upgrades
    March 22, 2012
    The Indian Highways Ministry has plans to construct new roads in under-developed areas of the country. A budget of some US$3.19 billion is envisaged for the work required over the coming five year period.
    Read More
  • India’s poor road safety requires improvement
    September 13, 2016
    The Indian Government has revealed that 146,133 people died in crashes on the country’s roads during 2015. This figure is of concern as it is an increase of 4.6% over India’s road fatality rate of 139,671 for the previous year. Also of concern is the fact that over half of the people who died in crashes were aged from 15-34, revealing that there is a particularly high risk for the young on India’s roads. The data also shows that there were 501,423 reported crashes on India’s road network in 2015, an increas
    Read More
  • India’s poor road safety sees increasing deaths
    June 14, 2016
    Official statistics from India paint a poor picture for road safety, with road deaths increasing. During 2015 there were around 146,000 reported deaths from road crashes in the country, an average of 400/day and an increase of 5% from the previous year. Road crashes increased by 2.5% to around 501,000 in 2015. The actual casualty figure for India may be significantly higher however as many road deaths go unreported. Capital Delhi saw 1,622 road deaths during 2015 the greatest number for any city, althoug
    Read More
  • India announces four new highway deals
    May 29, 2012
    In India the authorities are approving a further four new highway projects. These will be worth nearly US$535 million in total. The highways are located in Uttar Pradesh, Madhya Pradesh, Bihar, West Bengal and Gujarat and the work involves widening and improving the existing NH34 in West Bengal as well as widening a 123km section of the link from Jetpur-Somnath in Gujarat. Both of these upgraded sections will be widened with two lanes in either direction.
    Read More

Highlighted Content