Adani Enterprises bags Rs 17,000 cr expressway project in UP under PPP
24 Dec 2021
2 Min Read
CW Team
Adani Enterprises Limited (AEL) told the media that it obtained the letter of award from Uttar Pradesh Expressways Industrial Development Authority to execute three significant stretches of the greenfield Ganga Expressway.
In a statement, the firm additionally said that the project cost is more than Rs 17,000 crore and it is India鈥檚 largest-ever expressway project granted to a private firm under the public-private partnership (PPP) framework.
It further said that AEL would create three groups of the access-controlled six-lane expressway, expandable to eight lanes in Uttar Pradesh, and the concession term will be 30 years.
The Ganga Expressway in Uttar Pradesh, which will link Meerut with Prayagraj, will be India's longest expressway to be executed on the design, build, finance, operate and transfer (DBFOT) basis.
Of its 594-km length, AEL will construct 464 km from Budaun to Prayagraj, which includes 80% of the expressway project, as per the statement.
K P Maheshwari, CEO, Road Business, told the media that India is constructing the road infrastructure at the record speed it requires for its advancement, and they are delighted to play a role in constructing a network of world-class road connectivity all across the country.
This Letter of Award to develop the Ganga Expressway, India鈥檚 longest, is further evidence of the Adani Group鈥檚 ability and speed of implementation in managing complex, world-class infrastructure projects for the country.
Adani Enterprises Limited is the flagship firm of the Adani Group. Over the years, Adani Enterprises has concentrated on making emerging infrastructure businesses, adding to nation-development, and divesting them into separate registered entities.
Also read: Nitin Gadkari inaugurates Rs 4,160 cr road projects in Uttar Pradesh
Adani Enterprises Limited (AEL) told the media that it obtained the letter of award from Uttar Pradesh Expressways Industrial Development Authority to execute three significant stretches of the greenfield Ganga Expressway.
In a statement, the firm additionally said that the project cost is more than Rs 17,000 crore and it is India鈥檚 largest-ever expressway project granted to a private firm under the public-private partnership (PPP) framework.
It further said that AEL would create three groups of the access-controlled six-lane expressway, expandable to eight lanes in Uttar Pradesh, and the concession term will be 30 years.
The Ganga Expressway in Uttar Pradesh, which will link Meerut with Prayagraj, will be India's longest expressway to be executed on the design, build, finance, operate and transfer (DBFOT) basis.
Of its 594-km length, AEL will construct 464 km from Budaun to Prayagraj, which includes 80% of the expressway project, as per the statement.
K P Maheshwari, CEO, Road Business, told the media that India is constructing the road infrastructure at the record speed it requires for its advancement, and they are delighted to play a role in constructing a network of world-class road connectivity all across the country.
This Letter of Award to develop the Ganga Expressway, India鈥檚 longest, is further evidence of the Adani Group鈥檚 ability and speed of implementation in managing complex, world-class infrastructure projects for the country.
Adani Enterprises Limited is the flagship firm of the Adani Group. Over the years, Adani Enterprises has concentrated on making emerging infrastructure businesses, adding to nation-development, and divesting them into separate registered entities.
Image Source
Also read: Nitin Gadkari inaugurates Rs 4,160 cr road projects in Uttar Pradesh
Next Story
Kolkata鈥檚 luxury housing market sees price growth amid mixed trends
A new study by Nklusive reveals that Kolkata鈥檚 luxury residential market (Rs 5鈥�10 crore) recorded a 33 per cent year-on-year rise in supply and a 52 per cent increase in sales in calendar year 2024 (CY24). South Kolkata led with 78 per cent of the segment鈥檚 supply. The average price rose by 6 per cent鈥攆rom Rs 17,519 to Rs 18,600 per sq ft鈥攚hile unsold inventory grew by 15 per cent. Monthly absorption improved from 2 to 3 units.In contrast, the ultra-luxury segment (Rs 10 crore and above) experienced a 17 per cent decline in supply and a 30 per cent fall in sales. Central Kolkata acco..
Next Story
New Expressway to Cut Pune-Bengaluru Travel Time by Half
The upcoming Pune-Bengaluru Expressway is expected to significantly improve connectivity and economic opportunities across Maharashtra and Karnataka. This 700-kilometre greenfield, access-controlled highway will cut the travel time between Pune and Bengaluru from 15 hours to just 7 hours, facilitating easier movement for both commuters and businesses. Starting from Bommanal in Karnataka鈥檚 Athani Taluk, the expressway will traverse important districts such as Belagavi, Bagalkot, and Jamakhandi. It will then enter Maharashtra at Kanjle, connect with the proposed Pune Ring Road, and pass throug..
Next Story
Nagpur鈥檚 Koradi Naka to Get Y-Shaped Flyover for Safer, Smoother Traffic
To alleviate traffic congestion and enhance safety at Koradi Naka in Nagpur, a Y-shaped flyover is currently being constructed on National Highway 47. Demolition work has already commenced, with the main construction scheduled to start on June 20, 2025.The project, costing Rs 430.37 billion, involves building a 1,090-meter-long flyover that will connect Farsa, the Mahadula Railway Overbridge (ROB), and Bokhara Road, and will also feature an underpass. The existing structure will be repurposed into a service road to facilitate local traffic.Koradi Naka has been identified as a significant "blac..
