Home / India News / UP raises bank loans worth Rs 5,900 crore for Bundelkhand Expressway

UP raises bank loans worth Rs 5,900 crore for Bundelkhand Expressway

Expressway is estimated to cost Rs 15,000 cr; the loans have been raised from a consortium of PSU lenders such as Bank of Baroda, Union Bank, Bank of Maharashtra, Indian Bank, Bank of India and Uco

Work on the Purvanchal Expressway in progress. Infra projects, which the previous regime proposed and started, are incomplete for lack of funds, sloppy pace of work, or allegations of corruption. Photo: UPEIDA

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The Bundelkhand Expressway will link Chitrakoot, Banda, Mahoba, Hamirpur, Jalaun, Auraiya and Etawah districts

3 min read Last Updated : Aug 26 2020 | 4:38 PM IST

In a major boost to the mega 296-km Bundelkhand Expressway, the Uttar Pradesh government has raised bank loans worth Rs 5,900 crore for the ongoing project.

The fresh loans have been raised from a consortium of public sector lenders comprising Bank of Baroda, Union Bank of India, Bank of Maharashtra, Indian Bank, Bank of India and Uco Bank.

An agreement for loans totalling Rs 5,900 crore for Bunelkhand Expressway, expected to cost Rs 15,000 crore, was signed on Tuesday between these banks and state nodal agency UP Expressway Industrial Development Authority (UPEIDA). Last month, the UPEIDA board had cleared the proposal of

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