India project receiving partial funding from South Korea

Construction of the new highway in India connecting Mumbai with Nagpur will commence in early 2018. The highway will be one of the largest construction projects in India as it will measure 701km long, running through 10 districts. It will cost US$7.09 billion to construct, with $5.4 billion of the funding necessary being provided in the shape of a loan from South Korea. The work is expected to take 36 months to carry out with the Maharashtra State Road Development Corp (MSRDC) managing the project.