UP to raise Rs 1,500 cr in bank loans for 340-km Purvanchal Expressway

Post lockdown, Adityanath govt is expediting mega infra projects

To expedite the work on its flagship 340-km Purvanchal Expressway project post lockdown, the Uttar Pradesh government will raise Rs 1,500 crore from commercial banks.

According to state nodal agency UP Expressway Industrial Development Authority (UPEIDA), of total loans worth Rs 1,500 crore, Rs 1,000 crore and Rs 500 crore will be sourced from Bank of India and Central Bank of India respectively.

The work on the various ongoing expressway projects, including Purvanchal Expressway, Bundelkhand Expressway and Gorakhpur Link Expressway, had come to a standstill in March following the imposition of the pan-India covid-19 lockdown.

However, the civil works on these mega infra