 "ministries of road transport and highways")
The Uttar Pradesh government will raise more than Rs 9,000 crore in commercial bank loans to fund two highways that will cost more than Rs 20,000 crore to connect backward regions of the state.
The 296-km Bundelkhand Expressway and the 91-km Gorakhpur Link Expressway are estimated to cost Rs 14,849 crore and Rs 5,876 crore. The government plans to raise Rs 7,000 crore and Rs 2,275 crore in bank loans respectively, totalling Rs 9,275 crore.
Land acquisition for the two highways is estimated at Rs 3,766 crore.
The state had tied up with Punjab National Bank (PNB) and Corporation Bank for loans worth Rs
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