According to UPEIDA CEO Awanish Kumar Awasthi, of the Rs 275 crore, Rs 50 crore, Rs 153 crore and Rs 52 crore would be paid to land owners in Gorakhpur, Ambedkar Nagar and Azamgarh districts respectively.
The funds have already been allocated to the respective district magistrates with the rider to settle land acquisition
dues of farmers within a month, so that the ongoing civil and other construction works on the expressway continued unabated and that there were no pending grievances of the land owners.
Link Expressway was divided into two packages and awarded to Apco Infratech and Dilip Buildcon for development.
Earlier, public sector Punjab National Bank (PNB) had provided a credit of Rs 750 crore for Gorakhpur
Link Expressway, which will link the region with another mega expressway project underway, 340 km Purvanchal Expressway.
So far, the state government has arranged Rs 2,250 crore in total loans for Gorakhpur Link Expressway, including Rs 750 crore fresh borrowings from the PNB.
While, the PNB has provided a loan of Rs 750 crore for Gorakhpur Link Expressway, earlier Rs 2,300 crore was also extended in credit for Purvanchal Expressway, which is touted to cost Rs 23,000 crore.
Purvanchal Expressway was divided into eight packages, and awarded to different companies for ensuring time-bound completion. It runs across nine districts viz. Lucknow, Barabanki, Faizabad, Ambedkarnagar, Amethi, Sultanpur, Azamgarh, Mau and Ghazipur.
Gorakhpur Link Expressway is the fifth greenfield expressway project in the state after Yamuna Expressway, Agra-Lucknow Expressway, Purvanchal Expressway and Bundelkhand Expressway.
Another mega Ganga Expressway project has been proposed by the Adityanath government, for which the bidding process is likely to begin soon. The government is also actively providing construction-related jobs to migrant workers in these infra projects.
UPEIDA had estimated civil work and land cost of the 628-km Ganga Expressway project at Rs 21,000 crore and Rs 9,000 crore respectively, thus totalling Rs 30,000 crore.
Ganga Expressway will entail acquisition of 6,556 hectares of land and traverse Meerut, Amroha, Bulandshahar, Badaun, Shahjahanpur, Farrukhabad, Hardoi, Kannauj, Unnao, Rae Bareli, Pratagarh and Prayagraj districts.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.