Skip to main content

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.

Related Content

  • India highway planning
    May 10, 2016
    The Indian Government has set out plans to award highway projects worth at least US$8.84 billion during the next fiscal year. These projects will be offered under the hybrid annuity model, according to a report in the Economic Times. KPMG has stated that some 21 projects for a total of 1,500km and worth close to a third of that sum will be granted by the Indian Government in the current fiscal year. India’s Ministry of Road Transport and Highways has sought budgetary support from the Ministry of Finance an
  • SMEC wins India State Highway deal
    August 31, 2012
    SMEC is now working on construction supervision and contract administration for the Karnataka State Highway Improvement Project (stage Two) in India. The project is located in Karnataka State and the contract was awarded to SMEC earlier by the local authorities.
  • Japanese loan for Botswana to Zambia bridge
    October 18, 2012
    A new bridge link will be constructed between Botswana and Zambia in Southern Africa. Some of the funding for the bridge is being provided in the form of a US$113 million loan from the Japanese Government. The Kazungula bridge project is expected to cost $260 million in all. Close to $78.5 million is coming from the African Development Bank and Zambia is providing $1.6 million while the Japanese International Cooperation Agency (JICA) will offer $42 millionn. The work will commence in 2014 and the bridge sh
  • India’s infrastructure expansion attracts further financing
    May 12, 2017
    India’s major infrastructure expansion programme is attracting major financing packages, which will help develop its transport networks. A series of infrastructure projects are planned for seven of India’s Northeast states by the Indian Government. In all some US$6.22 billion will be used to improve the region’s transport network according to the plans, with highways, roads and rail link all being built or improved.