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

  • John Hopkins report: iRAP boosts safety
    May 17, 2024
    A paper and report from Johns Hopkins University suggests that 700,000 deaths and severe injuries have been prevented through road safety projects using the International Road Assessment Programme (iRAP) methodology.
    Read More
  • Indian road contracts awarded
    January 31, 2022
    Two major Indian road contracts have been awarded.
    Read More
  • The financial cost of crashes in the US
    February 1, 2023
    The financial cost of road crashes in the US places a heavy burden.
    Read More
  • UK highway maintenance contract award
    October 5, 2018
    A major UK highway maintenance contract has been won by Balfour Beatty. The seven year deal is worth £103 million and was awarded by Telford and Wrekin Council for the maintenance of highways assets. The package also comes with an option to extend the contract for a further seven years. Balfour Beatty Living Places will work with the Council to maintain the Borough’s 1,002km of highways and 1,189km of footpaths, provide drainage cleansing services as well as winter gritting and reactive highways maintena
    Read More

Highlighted Content