Published On:August 14 2014
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UP selects developers for Agra-Lucknow expressway project.
The Uttar Pradesh government recently completed the bidding process for the proposed 301-km Agra-Lucknow expressway. The expressway would be built in five packages by different developers.
The bid evaluation committee on Wednesday opened the financial bids of companies, Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) Chairman and CEO Navneet Sehgal said. The selected bidders had quoted the lowest amount.
PNC Infratech has been selected for package one (Agra-Firozabad); Afcons Infrastructure for package two (Firozabad-Etawah); Nagarjuna Construction Company for package three (Etawah-Kannauj); Afcons Infrastructure for package four (Kannauj-Unnao); and L&T for package five (Unnao-Lucknow).
The representatives of infrastructure majors, including Jay Prakash Associates and Ircon International, had also participated in the bidding.
Investments of Rs. 10,000 crore is estimated to flow into the proposed access-controlled expressway. It would not only cut travel time between Lucknow and Agra, but spur economic development along with the route for trade, agriculture and economic corridors, proposed at different places.
Besides, it would provide seamless travel between Lucknow and National Capital Region (NCR) via the functional Agra-Greater Noida Yamuna Expressway.
BS