India road funding to develop network

India is continuing with its ambitious plans for road network development. A number of banks have given assurances that they will provide the necessary funding to pay for nearly US$19 billion of highway projects. The projects will be carried out under the engineering, procurement and construction model according to India’s Ministry of Road Transport & Highways. One of the plans under the wider road development programme is to develop India’s cross-border links with its neighbours. This calls for the const
July 23, 2018 Read time: 1 min
India is continuing with its ambitious plans for road network development. A number of banks have given assurances that they will provide the necessary funding to pay for nearly US$19 billion of highway projects. The projects will be carried out under the engineering, procurement and construction model according to India’s  Ministry of Road Transport & Highways.


One of the plans under the wider road development programme is to develop India’s cross-border links with its neighbours. This calls for the construction of 1,911km of road links, with the work expected to cost $3.65 billion and being carried out in a series of stages over the next five years.

Finance & Funding

Related Content

  • Kenya develops annuity road funding model
    May 8, 2015
    Kenya is introducing novel methods for funding its necessary road infrastructure development - Shem Oirere writes. Kenya has unveiled a new financing model for road construction and reviewed its design standards and construction methodologies, which forms part of a new strategy for the East African country. Under this new plan Kenya is planning to upgrade 10,000km of road, with these links featuring asphalt surfacing; the work being carried out over the next five years at a cost of US$2.8 billion. Despite t
    Read More
  • Argentina seeking road funding opportunities
    October 10, 2018
    Argentina is looking at financing solutions that will help the country develop and improve its road network. The country’s Transport Ministry has been holding discussions in New York with a series of major banks and finance institutions. Many of the new highway projects projected for Argentina will be carried out under the PPP model, with a new financial framework and trust fund having been planned to pay for the works. In all the programme of works calls for 7,200km of road works to be carried out using th
    Read More
  • New US$200 million ring road to be built in Belarus capital Minsk
    May 23, 2014
    Minsk is to benefit from a new ring road that will cut city congestion - Eugene Gerden reports The government of Belarus is investing more than US$200 million in the building of a new ring road around the country’s capital Minsk, in accordance with a government decree. Implementation of the project is taking place as part of the existing large-scale state road building programme in the country until 2017, with the total cost estimated at US$5 billion. The new road will measure some 85km long and will feat
    Read More
  • India’s ambitious road development plans
    July 31, 2018
    India continues to develop its road network, with the country’s ambitious plans moving ahead. Contracts for 6,320km of road projects have so far been awarded by the current Indian Government. This is for the first phase of the programme and the work is worth a massive US$20.95 billion in all. However the entire programme of road development will cover some 84,000km of roads and will be worth an eye-popping $109.1 billion.
    Read More

Highlighted Content