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UP to raise Rs 2,900 crore from Hudco for 628-km Ganga Expressway

The mega infra project is estimated to cost Rs 36,000 cr; loan to be used for land acquisition

A semi-constructed toll booth on the Eastern Peripheral Expressway at Palwal. Photo: Arup Roychoudhury
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Meanwhile, 91 km Gorakhpur Link Expressway is being developed in 2 different packages. It will cut through Gorakhpur, Sant Kabir Nagar, Ambedkar Nagar and Azamgarh districts.

Virendra Singh Rawat Lucknow
The Uttar Pradesh government will raise Rs 2,900 crore from the Housing and Urban Development Corporation Limited (Hudco) for the proposed 628-km Ganga Expressway project, which is estimated to cost Rs 36,000 crore.

This loan amount would be utilised towards land acquisition for the mega infrastructure project by nodal agency UP Expressway Industrial Development Authority (UPEIDA).

This decision was taken last evening at the 58th board meeting of UPEIDA presided over by its chief executive officer (CEO) and UP additional chief secretary Awanish Kumar Awasthi here. Listed on the NSE and BSE, Hudco is a central government-owned corporation under the administrative control

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First Published: Jul 30 2020 | 6:32 PM IST

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