UP Govt approves Rs 36,402 crore Ganga Expressway project

UP govt approves Rs 36,402 crore Ganga Expressway project

The Uttar Pradesh Government has approved an ambitious 594-km Ganga Expressway project worth Rs 36,402 crore running along the river from Hardwar to Allahabad. The decision to build the expressway between the two cities on the riverbank while running through Meerut, Hapur, Bulandshahr, Amroha, Sambhal, Shahjahanpur, Hardoi, Unnao and Rae Bareli was taken by Chief Minister Yogi Adityanath. The government also decided to monetise the Agra-Lucknow Expressway for funding the ambitious Ganga Expressway project and decided to set up a high-power committee to take procedural and operational decisions to monetise the Agra-Lucknow Expressway. The Uttar Pradesh Expressways Industrial Development Authority too was asked to complete the preparatory operations for the project in time and approval was given to it to explore the option of Foreign Direct Investment (FDI) for it. Additionally, the SBI Capital Market Limited too was nominated as the financial advisor for the project.

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