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

  • Congestion improves with high occupancy toll lanes
    March 13, 2012
    The potential for high occupancy toll (HOT) lanes in congested US cities offers further room for development, according to US-based transport expert Bob Poole of the Reason Foundation.
    Read More
  • Congestion improves with high occupancy toll lanes
    February 21, 2012
    The potential for high occupancy toll (HOT) lanes in congested US cities offers further room for development, according to US-based transport expert Bob Poole of the Reason Foundation. At present Atlanta, Dallas, Houston, San Diego, San Francisco and Seattle all feature HOT lanes and Poole believes that the nation's capital, Washington DC, could benefit from a similar approach.
    Read More
  • Bolivia road upgrade funded by World Bank
    January 16, 2017
    A loan worth US$230 million from the World Bank will help pay for a major highway upgrade in Bolivia. The highway connects San Ignacio de Velasco and San Jose de Chiquitos in Santa Cruz. The funding will pay for the route to be paved with a new surface, which will help deliver lower journey times for road users, as well as improving safety levels. The upgrade to the road will help to increase capacity and will also provide a boost to the local economy in the Santa Cruz area of the country.
    Read More
  • Uganda’s capital Kampala needs road repairs
    March 8, 2021
    Uganda’s capital Kampala needs to repair its road network.
    Read More

Highlighted Content