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.
Cases of coronavirus infection are being seen increasing once again in many countr
Kohli cools Shakib: Bangladesh captain furious over no-ball, Virat hugged him when he came
Virat Kohli is the king in the world of cricket. Apart from his batting, there is one other thing
The National Green Tribunal (NGT) has asked the Uttar Pradesh government to act expeditiously in
Bollywood's 'Dabangg' actress Sonakshi Sinha is going to tie the knot soon. Sonakshi will become
US President Joe Biden also praised the quick action of the 22-member crew of the cargo ship 'Dal
Saints are also raising questions on the statement of Rashtriya Swayamsevak Sangh chief Mohan Bha
China will support stabilize Pakistan's financial situation: President Xi Jinping
The Prime Minister of Pakistan is on his first two-day visit to Beijing. Where he met Chinese Pre
Home Minister Amit Shah has thrashed the opposition's allegations against the Waqf Amendment Bill
Akshay Kumar and Tiger Shroff's film 'Bade Miyan Chhote Miyan' is going to be released in just a
SP President Akhilesh Yadav appeared aggressive on Friday regarding the Nazul Land Property Bill-
