Jaypee Infratech’s 165 KM 6 lane access controlled Yamuna Expressway connecting Noida to Agra has been inaugurated by Uttar Pradesh Chief Minister Akhilesh Yadav, on August 09, 2012 and is now opened for traffic. The company has constructed the same on build-operate-transfer basis with a concession period of 36 years in terms of the concession agreement with the Yamuna Expressway Industrial Development Authority.
The total construction cost of the road is around Rs 12,839 crore, which runs along the Yamuna river. The tolled road is expected to lessen traffic congestion on the National Highway 2. As per the terms of the concession agreement, the entity will receive 6,175 acres of land across five different sites at the Government’s cost of acquisition, paying only an annual lease rent of Rs 41 per acre. It is also entitled to collect tolls at rates fixed by the Uttar Pradesh Government for 36 years.
Jaypee Infratech incorporated as a Special Purpose Vehicle for implementation of 165 km long 6-lane Access-Controlled Yamuna Expressway in the state of Uttar Pradesh connecting Noida and Agra.