According to Uttar Pradesh industrial development commissioner Shashank Shekhar Singh the expressway, which would be a toll road, would be constructed at a cost of Rs 1,600 crore.
The successful bidder, he added, would be provided 2,500 hectare of land by the Uttar Pradesh government at the acquisition cost to compensate the company for losses towards construction and maintenance of expressway.
The cost of acquisition of land had been pegged at Rs 600 crore. The land will be provided to the bidder on 99-year lease to make the expressway project viable, he said. The company will be allowed to collect toll for a period of 33 years.
The companies which have shown the interest in the Noida-Agra project include Jaiprakash Industries, Laing DS Construction and Technica.
Meanwhile, Mr Singh said, the Uttar Pradesh government had also acquired land for setting up of three special economic zones at Noida, Kanpur and Varanasi. The state government has already enacted a legislation to provide statutory backing to the small economic zones projects.
Uttar pradesh, he added, was also proposing to set up a bio-tech city, web city, medical city and mega shopping complex to give a boost to industrialisation.