Adani Enterprises (AEL) had participated in the competitive bidding process invited by the Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) for development, financing and construction of greenfield Ganga Expressway on public private partnership (PPP) basis.
The company has secured three greenfield Ganga Expressway Projects under DBFOT (Toll) basis of 594 km from UPEIDA in the state.
The scope of work includes development of access-controlled six-lane expandable to eight-lane Greenfield Ganga Expressway (Group-II, III & IV) (464.247 km) from Budaun to Prayagraj. The combined estimated cost as per UPEIDA for the Group- II, III & IV is Rs 17,085.16 crore.
The construction period is of three years and concession period is 30 years. The proposed greenfield expressway will be India's longest expressway under PPP framework which will connect Meerut with Prayagraj.
AEL would continue to evaluate and bid for attractive opportunities in transport sector which generates value for the stakeholders. The Group would use its expertise and experience of setting up complex and mammoth infrastructure projects in record time and to world class quality standards and successfully operating them.
With these three awards, Adani's road portfolio will have 13 projects with more than 5,000 lane km and asset value exceeding Rs 35,000 crore spread over nine states in India i.e. Chhattisgarh, Telangana, Andhra Pradesh, Madhya Pradesh, Kerala, Gujarat, West Bengal, Odisha, and Uttar Pradesh.
The portfolio will have mix of hybrid, annuity, mode (HAM), toll, operate, transfer (TOT) and build, operate, transfer (BOT) type assets.