Indian expressway deal for Uttar Pradesh State

A new expressway project is being planned for India’s Uttar Pradesh State. A loan worth US$1.75 billion is being provided by the Punjab National Bank that will help pay for the construction of the route. Building the new expressway is expected to take three years to complete. Revenue from the tolls collected will be used to pay back the loan inn a series of installments.
July 9, 2018 Read time: 1 min

A new expressway project is being planned for India’s Uttar Pradesh State. A loan worth US$1.75 billion is being provided by the Punjab National Bank that will help pay for the construction of the route. Building the new expressway is expected to take three years to complete. Revenue from the tolls collected will be used to pay back the loan inn a series of installments.

Finance & Funding

Related Content

  • IRF Geneva to support Qatar on its recycling strategy
    June 12, 2018
    IRF Geneva was at the Pavement Preservation and Recycling Summit (PPRS) 2018 in Nice The Pavement Preservation and Recycling Summit (PPRS) 2018 in Nice (26th – 28th March 2018) set the scene for the signature of an important Memorandum of Understanding (MoU) between between Ashghal, the Qatari Public Works Authority and the International Road Federation (Geneva). Ashghal’s participation in the summit was part of its endeavour to open opportunities for cooperation and investment in the road sector and recy
    Read More
  • Sri Lanka highway secures Japanese funding
    September 28, 2017
    A funding package from Japan will help pay for the third stage of Sri Lanka’s key Central Expressway project. The third phase of the Central Expressway project will be constructed by the Japanese firm, Taisei Corporation, with the work taking five years to complete. Financing worth US$883 million is being provided by the Japanese Government for the project. This third stage of the Central Expressway will stretch 32.5km and will connect Pothuhera with Galagedara.
    Read More
  • CPB Contractors closes deal for Melbourne’s West Gate Tunnel
    December 13, 2017
    CPB Contractors has achieved contractual close on Melbourne’s planned 5km West Gate Tunnel, originally called the Western Distributor. The road will link the West Gate Freeway at Yarraville, a suburb of Melbourne, with the tolled CityLink road network at Docklands via a tunnel beneath Yarraville.
    Read More
  • Turkmenistan highway project – funding secured
    March 26, 2018
    A finance package has been secured to help pay for the building of Turkmenistan’s Ashgabat-Turkmenabat highway project. Worth US$2.4 billion, the financing comes in the shape of a loan and is being provided by the Central Bank of Turkmenistan. The finance package is being provided to the Union of Industrialists and Entrepreneurs of Turkmenistan under a 20-year loan deal that includes a grace period of five years. The new Ashgabat-Turkmenabat highway project will help to improve transport efficiency in
    Read More

Highlighted Content