Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) has contracted a loan of Rs 2,900 crore from the Housing and Urban Development Corporation (HUDCO) for financing the land acquisition for the Greenfield Ganga Expressway, which will link Meerut with Prayagraj.
The construction of the expressway running a length of 594 km is estimated to cost Rs 36,140 crore and it will be divided in 12 packages.
UPEIDA CEO Awanish Awasthi said here on Tuesday that the total cost of the land acquisition for the Ganga Expressway was estimated to be Rs 9,255 crore and of this Rs 2,900 crore would be provided by the HUDCO.
Awasthi said the work on the expressway was progressing at a fast pace and the process of land acquisition would be expedited.
He said the expressway would pass through 30 tehsils of 12 districts and 7,438 hectares land in 522 villages would be purchased for it.
The Ganga Expressway originating on Meerut will pass through Hapur, Bulandshahr, Amroha, Sambhal, Budaun, Shahjahanpur, Hardoi, Unnao, Rae Bareli and Pratapgarh and terminate at Prayagraj.