Project costs normally escalate over a period of time but the proposed 340 km long Purvanchal expressway, the country’s longest, has proven to be an exception. The projected construction cost of the project, scheduled to be inaugurated by Prime Minister Narendra Modi on July 14, has reduced by around Rs 1,520 crore between 2016 and 2018.
Records show that the estimated construction cost of the expressway project connecting Lucknow with Ghazipur was pegged at around Rs 12,700 crore in 2016. This has now, surprisingly, come down to just over Rs 11,200 crores.
Additional chief secretary and UP Expressway Industrial Development Authority (UPEIDA) CEO, Awanish Awasthi told TOI that the construction cost came down when the authority brought the bidder eligibility criteria at par with those of National Highway Authority of India (NHAI).
The earlier bidding version had stricter, higher criteria thus restricting the number of bidders. Read More