Virendra Singh Rawat
Lucknow / Feb 18, 2021
The Uttar Pradesh government has inked an agreement with the Housing and Urban Development Corporation Limited (HUDCO) to borrow Rs 2,900 crore loan for the proposed 600 km Ganga Expressway project.
The funds would be used towards land acquisition of the mega greenfield project, which is estimated to cost almost Rs 36,000 crore. The acquisition of land would be piloted by state nodal agency UP Expressway Industrial Development Authority (UPEIDA).
According to UPEIDA CEO Awanish Kumar Awasthi, the land acquisition, totalling 7,438 hectares across 522 villages spanning 12 districts, would alone cost about Rs 9,255 crore to the state government for the Ganga Expressway project.
Listed on the NSE and BSE, HUDCO is a central government-owned corporation under the administrative control of the union ministry of housing and urban affairs.
Ganga Expressway will traverse Meerut, Amroha, Bulandshahar, Badaun, Shahjahanpur, Farrukhabad, Hardoi, Kannauj, Unnao, Rae Bareli, Pratagarh and Prayagraj districts. It is among the most ambitious projects of the Yogi Adityanath government.
It would join the growing league of other operational or under-construction big expressway projects in UP viz. Yamuna Expressway, Agra-Lucknow Expressway, Purvanchal Expressway, Gorakhpur Link Expressway and Bundelkhand Expressway.
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