A budget of US$8.97 billion has been set as the limit on borrowing for India’s highways development programme for the 2017-2018 fiscal year. The financing agreement has been made by the National Highways Authority of India (NHAI), acting through the country’s Ministry of Road Transport and Highways. This substantial budget comes in spite of fewer projects being awarded as well as less financing having been secured during 2016. In the April to October 2016 the NHAI awarded contracts for 2,330km of highways. However for the same period in 2015, the NHAI awarded contracts for 2,615km of highways. A system of bonds was used to raise the necessary funds in 2015 as well as 2016.
In India’s Telangana State, plans call for the construction of 650km of roads. This programme of works will form part of the NHAI’s plans for 2,600km of new roads in the state. Major works will include widening key links to four lanes so as to boost capacity and increase safety for road users. Meanwhile some $350 million has been secured from the New Development Bank (NDB) for repairs and maintenance works to 1,500km of roads in India.
In India’s Telangana State, plans call for the construction of 650km of roads. This programme of works will form part of the NHAI’s plans for 2,600km of new roads in the state. Major works will include widening key links to four lanes so as to boost capacity and increase safety for road users. Meanwhile some $350 million has been secured from the New Development Bank (NDB) for repairs and maintenance works to 1,500km of roads in India.
