|Yamuna Expressway - Basic Information
Yamuna Expressway from Greater Noida to Agra.......
Yamuna Expressway Details....
The Yamuna Expressway, work on which is in full swing, is expected to drastically reduce the travel time between the national capital and Agra. Though land has been acquired for the expressway itself, acquisition of an additional 2,500 hectare to build land parcels alongside the expressway has been facing opposition from villagers.
The entire 165 km of land required for construction of the expressway between Noida and Agra has been transferred to Jaypee Infratech Limited in April 2008. All requisite sanctions and approvals including the environment clearance for the project are in place. The construction works for the project is being done by Jaiprakash Associates Limited (JAL). JAL has placed orders for all major equipments including slipform pavers and deliveries have commenced at Site. The entire financing arrangement of the Yamuna Expressway project has been tied up with ICICI Bank acting as Lead Banker. ICICI Bank will be providing approximately Rs 32,000 Million (USD 745 Million) by way of subscription to 10 Million equity shares of Rs 10 each (representing 1% of the paid up share capital), for cash aggregating to Rs 2,500 million (USD 58 Million), and the balance Rs 29,500 million (USD 686 Million) as rupee term loan in Jaypee Infratech Limited. It is testimony of strength of the Company and potential of the project that good projects are being fully supported by Indian Banking Institutions.