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

  • IL&FS get LoI for US$263.9mn Kiratpur Ner Chowk Expressway contract
    March 15, 2013
    Kiratpur Ner Chowk Expressway has given IL&FS Engineering Services (IL&FS) a letter of intent (LoI) for an engineering, procurement and construction (EPC) contract in India worth US$263.9 million (INR 14.36bn). Under the deal, IL&FS will undertake a scope of work including minor bridges, five tunnels, 18 major bridges, toll plazas, 67.3km of road work and related infrastructure. The expressway project includes the EPC contract as well as expanding the Kiratpur Ner Chowk section of the National Highway 21 in
    Read More
  • Indian highway project awarded
    September 5, 2019
    PNC Infratech is to build a 32new highway connection in Uttar Pradesh in India. The project is expected to cost close to US$143.5 million and includes the construction of a 32km bypass, featuring two lanes in either direction. The contract was awarded by the National Highways Authority of India (NHAI) and is expected to take 36 months to complete.
    Read More
  • New road building planned for India’s Kerala State
    July 24, 2019
    New loans will help pay for road building in India’s Kerala State. The World Bank is providing a package of loans worth US$216 million. This will be used to upgrade and widen 363km of roads in Kerala State. The work forms part of the Kerala State Transport Project (KSTP), specifically for the second phase of the State Highway corridor programme.
    Read More
  • India’s new highway project
    March 24, 2017
    India’s Eastern Peripheral Expressway project is now moving forward - Partha Pratim Basistha reports. Work on the 12- year pending, National, Eastern Peripheral Expressway-2, surrounding India’s National Capital, Delhi and its National Capital Region (NCR) has finally commenced. The project involves the North Indian states of Haryana and Uttar Pradesh and this development follows the approval of India’s Supreme Court. The project was held up due to land acquisition issues. Contractors are now in the process
    Read More

Highlighted Content