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

  • 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 road funding to develop network
    July 23, 2018
    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
    Read More
  • US$1.4 billion Malaysia expressway project
    November 7, 2024
    Plans are underway for a US$1.4 billion Malaysia expressway project.
    Read More
  • Cambodia expressway project under construction
    March 27, 2019
    Construction is now underway on the expressway that will connect Cambodia’s capital, Phnom Penh, with the country’s premier port, Sihanoukville. The expressway will stretch some 190km when complete and the project is expected to cost US$2 billion. The work is being carried out by the Chinese contractor, China Road and Bridge Corporation (CRBC). The route is being built under the build-operate-transfer model and should take four years to complete.
    Read More

Highlighted Content