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Uttar Pradesh govt approves Rs 36,402 cr Ganga Expressway project

Thursday, 26 Nov 2020
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The Uttar Pradesh government has sanctioned 594 km Ganga Expressway project worth Rs 36,402 crore running along the river from Hardwar to Allahabad. 
 
The decision to build the expressway between the two cities on the riverbank while running through Meerut, Hapur, Bulandshahr, Amroha, Sambhal, Shahjahanpur, Hardoi, Unnao and Rae Bareli was taken in the state Cabinet meeting chaired by Chief Minister Yogi Adityanath. 
 
The Cabinet also sanctioned a district-wise alignment of the expressway. The government also decided to monetise the Agra-Lucknow Expressway for funding the Ganga Expressway project and decided to set up a high-power committee to take procedural and operational decisions to monetise the Agra-Lucknow Expressway. 
 
For the execution of the road project along the Ganga, it was decided that funds will be withdrawn from the treasury after money raised from the monetisation of the Agra-Lucknow Expressway has been deposited. 
 
The Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) was asked to complete the preparatory operations for the project in time and approval was given to explore the option of Foreign Direct Investment (FDI) for it. 
 
Moreover, the SBI Capital Market was nominated as the financial advisor for the project. The Cabinet also took a slew of decisions for expeditious execution of project. 
 
This included approval to the proposal to provide the Gram Sabha land free of cost, purchasing and acquiring land, fixing the annual budget for the project and to take a loan from the Housing and Urban Development Corporation (HUDCO). 
 
Besides providing a smooth and fast traffic movement from Hardwar to Allahabad, almost parallel to the river Ganga, the expressway will also be helpful in social and economic development of the state.  
 
In addition, the traffic coming through the waterway being built from Haldia to Varanasi will also be able to travel easily to Delhi and other states via Allahabad.

 

 
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