India is set to build new highways after the World Bank signed an agreement with the Indian government to secure funding. This will help provide critical financing for India's Green National Highway Corridor project.
The project is expected to cost a total of US$1.28 billion, and a package loan of US$500 million has been secured after the signing of the agreement. The GNHCP involves the construction of 781 kilometers of expressways. Work will be carried out in Andhra Pradesh, Himachal Pradesh, Uttar Pradesh and Rajasthan.
India has embarked on an ambitious journey with its Delhi-Mumbai highway project, with the first phase already in operation. For this project, India intends to invest 13 billion U.S. dollars, which will reach more than 88 billion yuan when converted into RMB. After the project is completed, it will connect the Indian Capital Region with Mumbai. It is estimated that the total mileage will be 1,386 kilometers and the driving time will be cut in half to 12 hours. door.
The Delhi-Mumbai expressway project undertaken by India this time is considered acceptable. The first phase has opened 246 kilometers, but the question is that there are still more than 1,000 kilometers to come. Can India complete it?Editor/XingWentao
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