Ganga Expressway: Adani Group gets financial closure for 'Ganga Expressway Nirman', know details

Posted on 29th Sep 2022 03:15 pm by rohit kumar

Adani Enterprises Limited (AEL) wholly owned subsidiaries Badaun Hardoi Road Private Limited (BHRPL), Hardoi Unnao Road Private Limited (HURPL), and Unnao Prayagraj Road Private Limited (UPRPL) have closed the financial closure for the six-lane greenfield Ganga Expressway project. Toll-based PPP mode. This six-lane will be expandable to eight lanes. The grace period in this will be 30 years. The concession period for this would be 30 years, which includes a provision of six years of traffic link extension including a construction period of three years.

 

The Ganga Expressway will connect Meerut with Prayagraj in Uttar Pradesh. This will be the longest expressway in India to be implemented on DBFOT (Design, Build, Finance, Operate, Transfer) basis. Of its 594 km length, AEL will construct 464 km from Budaun to Prayagraj which includes 80% of the expressway project.

 

KP Maheshwari, CEO, Road Business, Adani Enterprises Ltd. said, “India is building the road infrastructure at a record pace, which it needs for its growth, and we need to provide the much-needed road connectivity across the country. of happiness.'

 

State Bank of India has outlined the entire loan requirement of INR 10,238 crore for Ganga Expressway projects (BHRPL, HURPL, and UPRPL). With this facility of SBI, we have gone a step ahead towards providing yet another historic infrastructure to our country and the state of UP.

 

AEL's road construction portfolio comprises 18 projects. It has an extension of over 6,400 lane kilometers. Its asset value is around Rs 44,000 crore. These projects are spread over ten states of India namely Uttar Pradesh, Chhattisgarh, Telangana, Andhra Pradesh, Madhya Pradesh, Kerala, Gujarat, West Bengal, and Odisha. The portfolio has a mix of HAM (Hybrid Annuity Mode), TOT (Toll-Operate-Transfer), and BOT (Build-Operate-Transfer) types of assets.

 

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