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

  • University of Birmingham establishes training programme in parallel with IRF for senior road executives
    February 22, 2012
    The University of Birmingham's internationally renowned Highways Group links with IRF to host this year's premier Forum for Advances in Sustainable Roads, from 12 to 24 April, 2010. For over 15 years, the Senior Road Executives Programme (SRE) has provided continuing professional development for road practitioners
    Read More
  • Road project for India’s Bihar State
    October 5, 2016
    A new road upgrade project in India's Bihar State is now moving ahead, forming part of the country’s highway expansion programme. The US$138.4 million contract will see the NH 82 link running from Gaya to Biharsharif being widened to four lanes. Funding is being provided by the Japanese Cooperation Agency (JICA). The contract for the project will be handled by local company Gaytri Projects. The deal was awarded to the contractor by the Ministry of Road Transport and Highways and Bihar State Road Development
    Read More
  • EBRD continues supporting infrastructure investment
    January 21, 2014
    The European Bank for Reconstruction and Development (EBRD) says it has provided strong support to emerging economies in 2013. Much of this investment has been into transportation infrastructure, which the EBRD sees as being crucial for development and to help emerge economies into growth. Total investments for the year across all of the regions where the EBRD is active amounted to €8.5 billion, according to preliminary estimates, compared with financing of €8.9 billion the previous year. These investments
    Read More
  • New Indian road projects underway
    July 26, 2023
    New Indian road construction projects are underway.
    Read More

Highlighted Content