Reliance Infrastructure, the infrastructure arm of Reliance Anil Dhirubhai Ambani Group has emerged as the sole bidder for the 135-km green field eastern peripheral expressway project covering Haryana, Delhi and Uttar Pradesh on build operate and transfer (BOT) basis on Wednesday, in spite of two extensions from the NHAI earlier.
The project would entail an investment of Rs 2,676 crore according to an estimate of National Highway Authority of India (NHAI) and involves construction of green field six -lane expressway with access control highway connecting Faridabad, Noida, Ghaziabad and Sonepat, which will also act as bypass to Delhi with a concession period of 20 years.
The project is specifically designed to decongest Delhi traffic under High court instructions. Once operational, the new expressway will ease traffic congestion, drastically reduce travel time and ensure safe and comfortable movement of traffic.
The project will take the Reliance Infrastructure road portfolio to 601 km worth Rs 6,500 crore and has emerged as one of the largest BOT concessionaire for NHAI.
Reliance Infrastructure in the last two years has emerged as the largest developer of road and highway projects for the National Highways Authority of India (NHAI) under the build, own, transfer scheme.
The company is presently in the advanced stages of the four-laning of five National Highway projects in Tamil Nadu, covering a length of 400 km at a cost of Rs 3,100 crore.