Kanpur: National Highways Authority of India (chewing) has floated the tender for the Kanpur-Lucknow Expressway project.
According to NHAI sources, 14 construction agencies were scanned soon after the tender was uploaded on the website. Tenders will be opened on October 15.
NHAI has issued a deadline to its officials to finalize the construction agency within 45 days. The contract will be awarded by opening of technical and financial bids. Thereafter, NHAI will sign a MoU and the construction agency is expected to start the work in 150 days from the date of signing of the MoU. Sources said work on the project is likely to start before the UP assembly elections.
NHAI has decided to build the expressway on the hybrid immunity model, in which the central government will give 40 percent of the money to the agency in four parts while the rest will be paid in 20 years. Till then the agency will have to look after the maintenance work of the expressway.
NHAI has decided to award the contract to the construction agency which will be able to take loan of Rs 2,500 crore from banks.
This will be the first expressway of UP which will be connected with Lucknow Ring Road to reduce the traffic load on the main road.
NHAI will acquire land from 31 villages of Unnao and 11 villages of Lucknow for this project. Sources further said that around Rs 4,500 crore would be spent on construction and Rs 900 crore on land acquisition.
“NHAI has floated a tender which will be opened on October 15. We will ensure that the work on the project starts before the UP assembly elections. Almost all the formalities have been completed. It is expected that by 2024, vehicles will be able to zoom past. Expressway,” said NN Giri, NHAI Project Director.
According to NHAI sources, 14 construction agencies were scanned soon after the tender was uploaded on the website. Tenders will be opened on October 15.
NHAI has issued a deadline to its officials to finalize the construction agency within 45 days. The contract will be awarded by opening of technical and financial bids. Thereafter, NHAI will sign a MoU and the construction agency is expected to start the work in 150 days from the date of signing of the MoU. Sources said work on the project is likely to start before the UP assembly elections.
NHAI has decided to build the expressway on the hybrid immunity model, in which the central government will give 40 percent of the money to the agency in four parts while the rest will be paid in 20 years. Till then the agency will have to look after the maintenance work of the expressway.
NHAI has decided to award the contract to the construction agency which will be able to take loan of Rs 2,500 crore from banks.
This will be the first expressway of UP which will be connected with Lucknow Ring Road to reduce the traffic load on the main road.
NHAI will acquire land from 31 villages of Unnao and 11 villages of Lucknow for this project. Sources further said that around Rs 4,500 crore would be spent on construction and Rs 900 crore on land acquisition.
“NHAI has floated a tender which will be opened on October 15. We will ensure that the work on the project starts before the UP assembly elections. Almost all the formalities have been completed. It is expected that by 2024, vehicles will be able to zoom past. Expressway,” said NN Giri, NHAI Project Director.
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