India Plans Biggest Highway Expansion With $12 Billion Projects
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India will award 550 billion rupees ($12 billion) of highway construction projects this year, its biggest expansion, as the nation aims to remove infrastructure bottlenecks that hinder economic growth.
The 7,300 kilometer (4,536 miles)-project includes new expressways as well as widening of existing roads through the year ending March 31, J.N. Singh, finance chief of National Highways Authority of India, said in an interview in New Delhi. The state-run NHAI will pay for the acquisition of land required for the road construction, he said on June 2.