India’s Ministry of Transport and Highways is looking to source loans to help fund highway development. The Japan International Cooperation Agency (JICA) looks set to provide a partial source for the funding required. In all just over US$885 million will be needed to pay for India’s National Highway Development Project (NHDP). The Japan International Cooperation Agency (JICA) has approved a loan of just over $590 million for the Indian Government-run National Highways and Infrastructure Development Corp (NHIDCL). This loan facility will be used for two highway projects in Mizoram and Meghalaya. One of these is for upgrades to a 380km stretch on the Aizwal-Tuipang route on NH-54. The other project is to upgrade 40km of the Tura-Dalu route on NH-51. Overall, loan assistance from JICA is being sought for around 19 road projects. The Indian Government is also seeking loans from Asian Development Bank (ADB) for the Moreh-Imphal road.
Meanwhile India’s Bihar State Road Development Corporation's (BSDCL) has awarded a $459.5 million contract to build a bridge. The contract is for the construction of an extradosed six-lane cable bridge over Ganges near Patna's Kachchi Dargah on NH-30 and Bidupur in Vaishali on NH-103. The work will be carried out in partnership between Indian contractor Larsen & Toubro (L&T) and South Korean firm Daewood E&C.
Meanwhile India’s Bihar State Road Development Corporation's (BSDCL) has awarded a $459.5 million contract to build a bridge. The contract is for the construction of an extradosed six-lane cable bridge over Ganges near Patna's Kachchi Dargah on NH-30 and Bidupur in Vaishali on NH-103. The work will be carried out in partnership between Indian contractor Larsen & Toubro (L&T) and South Korean firm Daewood E&C.
