Adani achieves financial closure for India’s largest Greenfield expressway project

Budaun Hardoi Road Private Ltd (BHRPL), Hardoi Unnao Road Private Ltd (HURPL), and Unnao Prayagraj Road Private Ltd (UPRPL)—wholly owned subsidiaries of Adani Enterprises Ltd (AEL)—have achieved financial closure for the access-controlled, six-lane (expandable to eight-lane) greenfield Ganga Expressway Project (Groups II, III, and IV) in Uttar Pradesh (UP) respectively, on DBFOT (Toll) basis under PPP mode. The concession period will be 30 years.
The Ganga Expressway in Uttar Pradesh, which will connect Meerut with Prayagraj, will be India’s longest expressway to be implemented on a DBFOT basis. Of its 594-km length, AEL will build 464 km from Budaun to Prayagraj, which comprises 80% of the expressway project.
AEL’s road portfolio has grown to 18 projects with more than 6,400 lane km and an asset value exceeding Rs. 44,000 crore.

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