News Brief
Adani Receives Letter Of Award To Build 464 Km Budaun To Prayagraj Section Of Ganga Expressway
India Infrahub
Dec 23, 2021, 03:56 PM | Updated 04:10 PM IST
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Adani Enterprises Ltd (AEL), the flagship company of the Adani Group, has received the Letter of Award (LoA) from Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) to implement three major stretches of the greenfield Ganga Expressway on a DBFOT (Toll) basis.
The concession period for this work is 30 years. The Ganga Expressway in Uttar Pradesh, which will connect Meerut with Prayagraj, will be India’s longest expressway to be implemented on a DBFOT basis.
Of its 594-km length, AEL will build 464 km from Budaun to Prayagraj, which comprises 80 per cent of the expressway project. The LoA to AEL covers the development of access controlled six-lane (expandable to eight-lane) expressway in three groups: 151.7 km from Budaun to Hardoi, 155.7 km from Hardoi to Unnao and 156.9 km from Unnao to Prayagraj.
"India is building at a record pace the road infrastructure it needs for its development and we are delighted to play a role in building a network of world-class road connectivity all across the nation," said a company official.
"This Letter of Award to build the Ganga Expressway, India's longest, is further evidence of the Adani Group's ability and speed of execution in managing complex, world-class infrastructure projects for the nation," he added.
With this LoA from UPEIDA, AEL’s roads portfolio has grown to 13 projects with more than 5,000 lane km and an asset value exceeding Rs 35,000 crore spread over nine states in India – Chhattisgarh, Telangana, Andhra Pradesh, Madhya Pradesh, Kerala, Gujarat, West Bengal, Odisha and Uttar Pradesh.
The company’s portfolio has a mix of HAM (Hybrid Annuity Mode), TOT (Toll-Operate-Transfer) and BOT (Build-Operate-Transfer) type assets.
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Introducing ElectionsHQ + 50 Ground Reports Project
The 2024 elections might seem easy to guess, but there are some important questions that shouldn't be missed.
Do freebies still sway voters? Do people prioritise infrastructure when voting? How will Punjab vote?
The answers to these questions provide great insights into where we, as a country, are headed in the years to come.
Swarajya is starting a project with an aim to do 50 solid ground stories and a smart commentary service on WhatsApp, a one-of-a-kind. We'd love your support during this election season.
Click below to contribute.