India’s coming road development programme

India is setting out plans for major road development works in the 2018-2019 period. Highway building projects worth a total of US$9.25 billion are being planned. The work is being planned by India’s National Highways Authority (NHAI). Some 10,000km of national highways will be built in the time period. In all contracts for 25,000km of roads will be offered for tender.
January 5, 2018 Read time: 1 min

India is setting out plans for major road development works in the 2018-2019 period. Highway building projects worth a total of US$9.25 billion are being planned. The work is being planned by India’s National Highways Authority (NHAI). Some 10,000km of national highways will be built in the time period. In all contracts for 25,000km of roads will be offered for tender.

Finance & Funding

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India road financing package secured

A major long term financing package has been secured for highway projects in India. The National Highways Authority of India (NHAI) will benefit from a credit package worth nearly US$ 3.4 billion. This is being provided by the Life Insurance Corporation of India (LIC). The deal involves bonds issued for a 30-year period. India has also announced plans to continue with its massive road development programme. By 2024/25, the $10.8 billion road development programme will have extended the country’s network b
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