Adani Enterprises Bags Contract To Build Three Stretches Of Ganga Expressway
The project cost is more than Rs 17,000 crore.
![<div class="paragraphs"><p>Eastern Peripheral Expressway in Uttar Pradesh [Photographer: Prashanth Vishwanathan/Bloomberg]</p></div>](https://media.assettype.com/bloombergquint%2F2021-12%2F4df734eb-1d76-4e4e-94b2-75e0fcef7ad2%2F370863611.jpg?rect=0%2C237%2C3998%2C2249&auto=format%2Ccompress&w=200)
Adani Enterprises Ltd. has bagged a contract to build 80% of the Ganga Expressway in Uttar Pradesh.
The company has received a letter of award from Uttar Pradesh Expressways Industrial Development Authority to implement three major stretches of the greenfield expressway project on a design-build-finance-operate-transfer (toll) basis, according to an exchange filing.
The project cost is more than Rs 17,000 crore and the concession period shall be 30 years.
The 594-kilometre Ganga Expressway will connect Meerut with Prayagraj. Of this length, Adani Enterprises, the filing said, will build 464 km from Budaun to Prayagraj—151.7 km from Budaun to Hardoi; 155.7 km from Hardoi to Unnao; and 156.9 km from Unnao to Prayagraj.
The award letter, it said, covers the development of access controlled six-lane (expandable to eight-lane) expressway.
With this contract, the company’s road portfolio stands at 13 projects with more than 5,000 lane km and an asset value exceeding Rs 35,000 crore spread over nine states. The portfolio has a mix of hybrid annuity mode, toll-operate-transfer and build-operate-transfer type assets.