Adani’s greenfield expressway project secures Rs 102.38 billion

Budaun Hardoi Road Private Limited, Hardoi Unnao Road Private Limited and Unnao Prayagraj Road Private Limited – wholly-owned subsidiaries of Adani Enterprises Limited (AEL) – have achieved financial closure for the access-controlled six-lane greenfield Ganga Expressway Project in Uttar Pradesh, respectively, on design, build, finance, operate and transfer (DBFOT) (Toll) basis under the public-private partnership model. The concession period will be 30 years. The Ganga Expressway in Uttar Pradesh, which will connect Meerut with Prayagraj, will be India’s longest expressway to be implemented on DBFOT basis. Of its 594-km length, AEL will build 464 km from Budaun to Prayagraj, which accounts for 80 per cent of the expressway project.