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

  • Odebrecht wins Brazilian highway concession
    November 29, 2013
    Odebrecht has been awarded a concession for Brazil’s important BR-163 federal highway route. The 851km section of highway runs through Mato Grosso state and the deal is worth some US$2 billion, according to a report by Business News Americas. As part of its contract, Odebrecht will have to widen a 454km stretch of the route within five years and is also required to build nine new toll booths.
  • Loan to help fund Tanzania road
    December 9, 2021
    A new loan will help fund a Tanzanian road project.
  • India’s highways plan to link the country
    June 15, 2016
    India is working on a master plan that will boost transport across the country. This calls for the construction of a grid pattern of highways, with the concept strongly influenced by the US interstate system. The four-lane, national highway corridors plan has been developed by the National Highways Authority of India (NHAI). This envisages a total of 27 highways set out on a grid pattern and with a total length of 36,600km, with north-south and east-west routes spaced some 250km apart. The plan calls for
  • India’s ambitious road development programme
    November 3, 2017
    India is setting out ambitious plans to further develop its infrastructure, with a renewed focus on the north east of the country. A budget of US$22.35 billion has been set out by the Indian Government for infrastructure projects, for which highway construction will play a major part. The states in line for this infrastructure development are: Arunachal, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Pradesh and Sikkim. Details of the individual projects being planned have yet to be released however.