India road financing package secured

A major long term financing package has been secured for highway projects in India. The National Highways Authority of India (NHAI) will benefit from a credit package worth nearly US$ 3.4 billion. This is being provided by the Life Insurance Corporation of India (LIC). The deal involves bonds issued for a 30-year period. India has also announced plans to continue with its massive road development programme. By 2024/25, the $10.8 billion road development programme will have extended the country’s network b
July 24, 2019 Read time: 1 min

A major long term financing package has been secured for highway projects in India. The National Highways Authority of India (NHAI) will benefit from a credit package worth nearly US$ 3.4 billion. This is being provided by the Life Insurance Corporation of India (LIC). The deal involves bonds issued for a 30-year period.

India has also announced plans to continue with its massive road development programme. By 2024/25, the $10.8 billion road development programme will have extended the country’s network by 125,000km.

Finance & Funding

Related Content

  • IRF ITS roundtables in India
    January 30, 2017
    IRF Geneva held the first in a series of four roundtables on ITS in India in New Delhi, India on the 10th of November 2016. This first, by invitation only, roundtable was attended by representatives from both Government and industry. The Ministry of Road Transport and Highways, Niti Aayog, the premier planning agency of the Government of India, the National Highway Infrastructure Development Corporation, and the National Highway Authority of India are supporting these Roundtables. Senior management from l
    Read More
  • Puerto Rico road rebuilding – funding secured
    July 19, 2018
    Funding has been secured to help pay for road rebuilding work in Puerto Rico. The US Federal Highway Administration (FHWA) is providing US$110 million to Puerto Rico’s highway and transportation agency, Autoridad de Carreteras y Transportacion (ACT). This funding will be used for Puerto Rico’s Road Construction and Reconstruction Accelerated Programme.
    Read More
  • Road projects in the Philippines will benefit from Japanese funding
    June 13, 2019
    Road works in the Philippines will benefit from funding being provided by Japan.
    Read More
  • Self-healing roads, slippery roads and slimmer roads
    November 24, 2017
    This month’s bitumen technology pages bring you self-healing roads, slippery roads and slimmer roads and explains why one UK contractor has started manufacturing its own polymer modified bitumen - Kristina Smith reports. Professor Erik Schlangen, who heads up experimental micromechanics at the Delft University of Technology is receiving calls from all round the world these days. And it is hardly surprising because he and his team have invented a great new technology: asphalt that heals itself.
    Read More

Highlighted Content