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

  • Porner commissions another Biturox plant for India’s IOCL
    November 24, 2017
    Pörner Group recently handed over to India’s IOCL a Biturox plant that has the annual capacity to supply bitumen for more than 1,000km of road. Pörner and IOCL (Indian Oil Company Limited) commissioned the Biturox bitumen plant located at IOCL’s Barauni Refinery near Patna in eastern India. This is the 4th plant operated by IOCL based on Biturox technology. Pörner again provided the license and engineering services.
    Read More
  • US$4.4 billion planned for Indian roads
    February 14, 2024
    US$4.4 billion of works are being planned for two Indian road projects.
    Read More
  • India’s massive demand for bitumen
    March 9, 2016
    India to lead the pack in bitumen consumption - Partha Pratim Basistha reports from the Asian Bitumen Conference. In the emerging global bitumen market, demand is expected to reach 122 million tonnes by 2018. Increasing road construction activities in the fast growing markets of India and China will be the main growth drivers of the bitumen market in Asia. This was the message delivered at the 10th Asian Bitumen Conference held in New Delhi, India from 23rd-24th November 2015. The two-day event, organised b
    Read More
  • India’s transport infrastructure plans
    January 9, 2024
    India has massive plans for transport infrastructure.
    Read More

Highlighted Content