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

  • Canada: work officially starts on Montreal’s Champlain Bridge
    June 25, 2015
    Canada’s infrastructure minister, Denis Label, officially broke ground for Montreal’s replacement Champlain Bridge, saying the project will likely cost US$3.42 billion. The 3.4km Champlain Bridge Corridor Project, including spans and highway expansions, is expected to be completed by 2019. SNC-Lavalin, the 50% stakeholder in the winning consortium Signature on the Saint-Lawrence, recently announced it had finalised the deal with new Champlain Bridge owner Infrastructure Canada. Signature on the Saint-
    Read More
  • India’s ambitious road development programme
    November 3, 2017
    India is setting out ambitious plans to further develop its infrastructure, with a renewed focus on the north east of the country. A budget of US$22.35 billion has been set out by the Indian Government for infrastructure projects, for which highway construction will play a major part. The states in line for this infrastructure development are: Arunachal, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Pradesh and Sikkim. Details of the individual projects being planned have yet to be released however.
    Read More
  • Indian Ganga Expressway deals awarded
    January 10, 2022
    Deals have been awarded for India’s Ganga Expressway.
    Read More
  • Brazilian loan for Bolivian road
    February 8, 2012
    A US$332 million loan from Brazil will help build a highway between Villa Tunari and San Ignacio de Moxos in Bolivia. The project will cost over $1 million/km while the 306km highway will cost $415 million and the new link will be built by Brazilian firm OAS.
    Read More

Highlighted Content