Adani Enterprises receives letter of award to develop 3 major stretches of greenfield Ganga Expressway project.
Adani Enterprises Limited (AEL) said it has received the letter of award to implement three major stretches of the greenfield Ganga Expressway project from Uttar Pradesh Expressways Industrial Development Authority (UPEIDA).
The company has also said the entire
expressway project cost is over Rs 17,000 crore. Also, this is the country’s
largest expressway project awarded to a private firm under the public-private
partnership (PPP) model, it stated.
It further said AEL will build three groups of the access-controlled six lane expressway in the state of Uttar Pradesh, which will be expandable to eight lanes and the concession period will be 30 years.
The upcoming Ganga Expressway
project, which will connect the city of Meerut with Prayagraj in UP, will be
the longest expressway of the nation, to be implemented on the basis of design,
build, finance, operate, transfer (DBFOT).
Of its 594 kilometer length, AEL will
construct 464 kilometer length from Budaun to Prayagraj, which comprises 80% of
the Ganga Expressway project, the statement from the company further said.
AEL is Adani Group’s flagship firm.
Adani Enterprises, over the years, has focused on developing emerging infra
businesses, contributing to nation-building, as well as divesting them into
separate listed entities, the report added.