Prime Minister of India Shri Narendra Modi Inaugurated India’s first Hybrid 14 lane Expressway by NHAI & Welspun Group
The 14 lane expressway stretches 8.716
km and has been completed in a record time of 18 months as against the
scheduled 30 months
Welspun Enterprises
Ltd. developed the prestigious Package I of the Delhi - Meerut Expressway under
the aegis of National Highways Authority of India
The Green Expressway
features cycling track on both sides, Vertical Gardens with drip irrigation,
Solar energy for Lighting and Drip water irrigation
Travel time
significantly reduced from 45-50 minutes to 8 minutes
by Shrutee K/DNS
Delhi 27th May, 2018: Shri Narendra Modi, Honorable Prime Minister
of India inaugurated India’s first 14 lane
Expressway – The Delhi-Meerut Expressway (Delhi Section) from Nizamuddin Bridge
to UP border, proudly developed by NHAI and Welspun Enterprises Ltd. under
Hybrid Annuity Model. Shri Nitin Gadkari - Honorable Union Minister for Road Transport & Highways, Shipping
and Water Resources, River Development & Ganga Rejuvenation, Shri Mansukh L. Mandaviya - Honorable
Union Minister of State for Road, Transport & Highways, Shipping and Chemical
& Fertilizers, Shri Maheish Girri - Member of Parliament, Shri Rajendra
Agrawal – Member of Parliament, Mr. B. K. Goenka – Chairman of Welspun Group and Mr. Sandeep Garg – MD &
CEO, Welspun Enterprises Ltd. were also present on this milestone occasion.
Accompanying him, Shri Nitin Gadkari – Honorable Union Minister for Road Transport &
Highways, Shipping and Water Resources, River Development & Ganga
Rejuvenation said “Congratulations to NHAI and Welspun Group for completing
the green and sustainable Delhi - Meerut Expressway in record time.
Welspun Group through its technological
excellence has also been contributing to the nation’s growth through its
various businesses verticals and is proud to be associated with NHAI to develop
various HAM projects.
Commenting
on the occasion, Mr. B. K. Goenka – Chairman of Welspun Group said, “We congratulate
the Honorable Prime Minister on completing 4 successful years at the Centre and
sharing his vision to transform and connect India. We are thankful and proud to
be associated with NHAI under the Hybrid Annuity Model. Welspun Enterprises was the first Company to achieve the financial
closure for this expressway project. We are proud to contribute through industry first initiatives
like vertical gardens, cycling track, solar lighting and beautification of this
stretch. The completion of this expressway along with NHAI strongly showcases
our strength in Infrastructure and truly resonates with our philosophy of ‘Leading Tomorrow Together’.”
Welspun Enterprises Ltd. developed the Delhi-Meerut Expressway (Package I) in a record time of 18 months as against the
scheduled 30 months, setting a new benchmark with operational efficiency and
commitment. The stretch also features India’s first Cycling Track on both
sides, Vertical Gardens, Solar panels for Lighting, Drip water irrigation,
replicas of prominent monuments like Qutub Minar & Ashoka Stambh, Advanced Traffic
Management Systems (ATMS), CCTV’s and plantation of new trees. The project consists
of a six-lane expressway in the centre, flanked by two four-lane highways on
either side - making it 14-lanes in total.
Designed for a speed up to 120 km/h, this expressway
will substantially reduce the travel time from 45 minutes to just 8 minutes. It
will also help in reduce pollution, better fuel efficiency and enhanced quality
of life of millions of people.
Welspun Group, known for its various social
initiatives, has played a key role in rehabilitating the slums on the highway.
It also runs various social awareness programs with the local population in the
areas of hygiene, women empowerment and education for children. It played a
pivotal role in converting this expressway into a green belt with sustainable
initiatives like drip water irrigation, solar plant and landscape development.
About
Welspun Enterprises Ltd.: Welspun Enterprises Limited (WEL), a part of the $2.3 billion
Welspun Group (Pipes & Plates, Home Textiles, Infrastructure and Oil &
Gas) operates PPP projects in various sectors like roads, water, and urban
infrastructure. In the roads sector, the Company has a robust HAM projects
portfolio of more than Rs. 69 Billion (Incl. L-1) with an past experience of
operating six completed BOT (Toll) Road projects with a total length of over
500 km. Apart from that, the company holds equity investments in Welspun
Natural Resources Private Limited (Oil and gas exploration).
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