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

  • East Midlands repair deal for Aggregates Industries
    June 7, 2023
    Aggregates Industries has won a major repair deal for the East Midlands.
    Read More
  • Novel concrete surfacing option used in Colorado
    December 10, 2015
    Proven polyester bridge deck surfacing technology is now being used more widely – Mike Woof writes. The benefits of using polymer concrete bridge deck overlays are well known and this technology is becoming widely used in the US. The system can improve protection for bridge surfaces and help extend the life of a bridge deck, as well as increasing skid resistance. In the last 25 years the use of these overlays has increased significantly in the US. These perform best when installed on bridge decks that are i
    Read More
  • India’s longest road tunnel continues apace with Atlas Copco support
    May 20, 2014
    The challenging construction of India’s largest road tunnel is part of a vital US$500 million project aiming to connect the isolated northern state of Jammu and Kashmir with the rest of the vast and highly populated country. Guy Woodford reports Travelling on National Highway 1A (NH 1A) in northern India should be the dictionary definition of ordeal. The single lane, narrow and winding road crosses some of the steepest, most treacherous terrain on the planet. The arduous route becomes especially difficult t
    Read More
  • Funding for Ethiopia rural road development
    October 14, 2015
    The EU will provide funding worth US$613.37 million to the Ethiopian Government for rural road development. The financing will be provided between 2016 and 2020, as part of a road funding programme in place since 1997. Around 65% of Ethiopia’s local districts have road access at present. The country’s investment in road infrastructure has seen a halving of average journey times in Ethiopia. Meanwhile the road network had grown to nearly 100,000km at the end of 2014 compared to just 26,000km in 1997. The con
    Read More

Highlighted Content