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Ganga Expressway

Sector: Road • Location: India

Source: World Bank Group

Project
Active

This project consists of construction of the Budaun - Prayagraj section of the Ganga expressway in Uttar Pradesh. This access-controlled six lane section has length of 464 km, which comprises 80% of the expressway project (594 km). The companies responsible for the execution of the project are Budaun Hardoi Road (BHRPL), Hardoi Unnao Road (HURPL), Unnao Prayagraj Road (UPRL), fully-owned by Adani

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The project “Ganga Expressway” is an infrastructure initiative in the Road sector, located in India. Taiyo aggregates data on it from World Bank Group.

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Description

Description

This project consists of construction of the Budaun - Prayagraj section of the Ganga expressway in Uttar Pradesh. This access-controlled six lane section has length of 464 km, which comprises 80% of the expressway project (594 km). The companies responsible for the execution of the project are Budaun Hardoi Road (BHRPL), Hardoi Unnao Road (HURPL), Unnao Prayagraj Road (UPRL), fully-owned by Adani Enterprises Ltd (AEL). Total investment stands at $2820 million, of which the State Bank of India (SBI) provides $1250 million loan, $836 million comes as equity commitment by the sponsor and $734 as viable gap funding. This project is implemented on DBFOT (Toll) basis under PPP mode with concession period of 30 years with traffic link extension provision of 6 years, including 3 years construction period. Financial close took place on September 29, 2022. Realfin https://www.businesstoday.in/latest/economy/story/adani-enterprises-achieves-financial-closure-for-6-lane-ganga-expressway-project-348515-2022-09-29 https://www.fortuneindia.com/enterprise/adani-enterprises-secures-10238-cr-financing-for-ganga-expressway/109842

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High

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100%

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