Adani Enterprises Ltd (AEL) has recently received the Letter of Award (LoA) from Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) to implement three major stretches of the greenfield Ganga Expressway on a DBFOT (Toll) basis for a period of 30 years. The Ganga Expressway in Uttar Pradesh, which will connect Meerut with Prayagraj, will be the country's longest expressway to be implemented on the DBFOT model.
Of its 594-km length, AEL will build 464 km from Budaun to Prayagraj, which comprises 80% of the expressway project. The LoA to AEL covers the development of access controlled six-lane (expandable to eight-lane) expressway in three packages: 151.700 km from Budaun to Hardoi, 155.7 km from Hardoi to Unnao and 156.947 km from Unnao to Prayagraj. Commenting on the coveted catch, CEO, Road Business, K P Maheshwari said, "India is building at a record pace the road infrastructure it needs for its development and we are delighted to play a role in building a network of world-class road connectivity across the country. This Letter of Award to build the Ganga Expressway, India's longest is further evidence of the Adani Group's ability and speed of execution in managing complex, world-class infrastructure projects for the nation," he added.
With this LoA from UPEIDA, AEL‘s road portfolio has grown to 13 projects with more than 5,000 lane kms and an asset value exceeding ₹35,000 crore, spread over nine states – Chhattisgarh, Telangana, Andhra Pradesh, Madhya Pradesh, Kerala, Gujarat, West Bengal, Odisha and Uttar Pradesh. The portfolio has a mix of HAM (Hybrid Annuity Model), TOT (Toll-Operate-Transfer) and BOT (Build-Operate-Transfer) type assets.