The Union Minister of State for Road Transport & Highways, Maj Gen B C Khanduri, (Retd) inaugurated Phase II of the Moradabad bypass in Uttar Pradesh, on 2 July 2002.

The bypass will end traffic congestion on NH-24 within Moradabad city and reduce travel time between Delhi and Lucknow. The 18.4 km long bypass is a two-lane carriageway with 13 under passes, 3 river bridges and 2 rail over bridges. Phase I of the bypass was opened to traffic in 2001.

National Highways Authority of India (NHAI) has implemented the project through an innovative financing mechanism by incorporating a special purpose company – Moradabad Toll Road Company Ltd. The Minister said that based on the successful experience on this project, NHAI has decided to incorporate 12 more special purpose vehicles for the Ahmedabad-Vadodara expressway, Jaipur bypass and 10 port connectivity projects.

The total cost of the Moradabad bypass project is Rs.103.50 crore, out of which Rs.31.05 crore is the share capital and Rs.72.45 crore have been raised through long term loans. NHAI has contributed Rs.26.55 crore to the share capital, while UP State Bridge Corporation has contributed the remaining Rs.4.50 crore. For long-term loans, Infrastructure Development Finance Company has provided Rs.40 crore, while a loan of Rs.32.45 crore has been raised from the State Bank of India.

The Moradabad bypass is fully access controlled to ensure safety of traffic as well as to check entry of cattle and slow moving traffic to the bypass. State of the art signages and road furnitures have been installed. Retroreflectory signboards with microprismatic technology have been provided. Thermoplastic paint with glass beads has been used for pavement markings, which will provide excellent guidance to traffic during night.