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

  • Australia responds to infrastructure funding challenge
    July 13, 2012
    The Global Financial Crisis (GFC) has drastically changed the way governments and the private sector is prepared to procure vital infrastructure projects, says Philip Davies Governments have responded to the GFC by focusing on long term investment in transport infrastructure and shorter term stimulus packages to kick-start economies. As these projects proceed, the focus will shift to maintaining and achieving maximum benefits from assets and future infrastructure funding. The Public Private Partnership (PP
    Read More
  • Kosovo's award-winning green highway construction
    March 20, 2012
    A new highway is proving an economic lifeline for the tiny country of Kosovo – Mike Woof reports. Road projects in Europe rarely meet such widespread public approval and support as the new Route 7 highway being built in the new Balkan state of Kosovo. The first sections of the new road opened to traffic in November 2011, with locals turning out in large numbers to celebrate the event. The official opening was carried out by the country’s prime minister Hashim Thaçi, president Atifete Jahjaga, and members of
    Read More
  • Australia roads alliance
    April 16, 2012
    A huge infrastructure programme is being planned at present for the Australian state of Queensland With an annual growth rate of around 3.2%, Queensland is the fastest growing state in Australia and has been for over a decade. The State attracts an average of 1,500 new permanent residents each week, 1,000 of whom move to the South East corner.
    Read More
  • India’s IRTE wins top Prince Michael of Kent Safety Award
    July 4, 2019
    India’s Institute of Road Traffic Education (IRTE) was among the international winners at the annual Prince Michael International Road Safety Awards in London. IRTE picked up the Premier Award for its road injury prevention programme and for being a key partner in the Safer Cars for India project established by Global NCAP, an independent certification body that evaluates the safety of vehicles. Part of IRTE’s strategy has been the setting up of what is believed to be Asia’s first Masters of Science i
    Read More

Highlighted Content