Loan for highway in India’s Chhattisgarh State

A loan will help pay for a new highway project in India’s Chhattisgarh State. The US$350 million loan is being provided by the Asian Development Bank (ADB). In all the highway is expected to cost $521.7 million, with the remaining $171.7 million being provided by the Indian Government. The new highway is expected to boost trade and transport in the state.
June 4, 2019 Read time: 1 min

A loan will help pay for a new highway project in India’s Chhattisgarh State. The US$350 million loan is being provided by the Asian Development Bank (ADB). In all the highway is expected to cost $521.7 million, with the remaining $171.7 million being provided by the Indian Government. The new highway is expected to boost trade and transport in the state.

Finance & Funding

Related Content

  • India’s capital highway project will improve transport connections
    October 10, 2017
    Huge numbers of construction machines as well as plant and equipment are working overtime, backed by mammoth manpower, to meet the targeted completion deadline of March 2018 for India’s Eastern Peripheral Expressway (EPE). The 135km arterial route is being built with six lanes and surrounds India’s National Capital, Delhi, its National Capital Region (NCR) and the industrially developed North Indian states of Haryana and Uttar Pradesh.
    Read More
  • Study planned for Sri Lanka – India link
    July 21, 2015
    India plans to carry out the necessary feasibility study into the bridge and tunnel connection with Sri Lanka. India’s Transport Ministry has said that the Asian Development Bank (ADB) will provide the finance needed for the project, which is now expected to cost US$3.6 billion. According to India’s Transport Ministry the bridge and tunnel link with Sri Lanka forms part of a plan to boost the country’s connections with its neighbours. The new over sea crossing will provide an important connection to a count
    Read More
  • Azerbaijan highway investment
    April 7, 2014
    The Asian Development Bank (ADB) is set to transfer the US$ 150 million second tranche of a loan for construction of Masally-Shorsulu highway in Azerbaijan. The first $250 million ADB loan tranche has already been sent, with the overall project cost set to reach $625 million. Azerbaijan will get a $100 million third ADB loan tranche in 2016, taking the Bank’s total loan investment in the new highway to $500 million.
    Read More
  • New bridge works planned for the Philippines
    September 21, 2022
    Three new bridge links are planned for the Philippines.
    Read More

Highlighted Content