India looks to boost spending on roads for 2015/16

India’s ministry of transport and highways is seeking an additional US$1.17 billion on top of a record spend for road construction and maintenance. The ministry has already earmarked nearly $11 billion for the year 2015/16. The government recently announced plans to build a new 600km highway connecting Katra with New Delhi. The route, costing around $2.25 billion, will run through Punjab, Haryana, Jammu and Kashmir states. A consultant is being selected to carry out a feasibility study for the project
September 15, 2015 Read time: 1 min
India’s ministry of transport and highways is seeking an additional US$1.17 billion on top of a record spend for road construction and maintenance.

The ministry has already earmarked nearly $11 billion for the year 2015/16.

The government recently announced plans to build a new 600km highway connecting Katra with New Delhi. The route, costing around $2.25 billion, will run through Punjab, Haryana, Jammu and Kashmir states. A consultant is being selected to carry out a feasibility study for the project.
Finance & Funding

Related Content

  • Two major Indian highway links under construction
    July 21, 2022
    Two major Indian highway links are under construction.
    Read More
  • Indonesia’s road revamp is seeing new road transport connections
    July 16, 2018
    Indonesia’s road development programme is continuing, with a series of major projects being carried out across the country that will boost transport connections. State funding will help progress on the Trans-Sumatra toll road, paying for six sections of the road link. In all the 1,480km toll road project is expected to cost nearly US$11.85 billion, with state funding paying for a significant portion of the work So far the state-owned construction firm, Hutama Karya, which is building much of the route has
    Read More
  • Funding sources being sought for Indian highways
    January 25, 2016
    India’s Ministry of Transport and Highways is looking to source loans to help fund highway development. The Japan International Cooperation Agency (JICA) looks set to provide a partial source for the funding required. In all just over US$885 million will be needed to pay for India’s National Highway Development Project (NHDP). The Japan International Cooperation Agency (JICA) has approved a loan of just over $590 million for the Indian Government-run National Highways and Infrastructure Development Corp (NH
    Read More
  • India’s Delhi-Mumbai expressway project underway
    February 5, 2020
    The new Delhi-Mumbai expressway will cut journey times between the two cities when complete.
    Read More

Highlighted Content