Honorable Prime Minister Of India Shri Narendra Modi Inaugurates India’s 1st Ever Hybrid 14 Lane Expressway
Shri Narendra Modi, Honorable Prime Minister of India recently inaugurated India’s 1st ever 14 lane Expressway – The Delhi-Meerut Expressway (Delhi Section) from Nizamuddin Bridge to UP border, proudly developed by NHAI & Welspun Enterprises Ltd. under Hybrid Annuity Model.
Shri Nitin Gadkari – Honorable Union Minister for Road Transport & Highways, Shipping & Water Resources, River Development & Ganga Rejuvenation, Shri Mansukh L. Mandaviya – Honorable Union Minister of State for Road, Transport & Highways, Shipping, Chemical & Fertilizers, Shri Maheish Girri – Member of Parliament, Shri Rajendra Agrawal – Member of Parliament, Mr. B. K. Goenka – Chairman of Welspun Group & 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, Water Resources, River Development & Ganga Rejuvenation averred, “Congratulations to NHAI & Welspun Group for completing the green & sustainable Delhi – Meerut Expressway in record time.”
Welspun Group through its technological excellence has also been contributing to the nation’s growth through its varied businesses verticals and is proud to be associated with NHAI to develop varied HAM projects.
Commenting on the occasion, Mr. B. K. Goenka – Chairman of Welspun Group averred, “We congratulate the Honorable Prime Minister on completing 4 successful years at the Centre and sharing his vision to transform & connect India. We are thankful & proud to be associated with NHAI under the Hybrid Annuity Model. Welspun Enterprises was the 1st ever Company to achieve the financial closure for this expressway project. We are proud to contribute through industry 1st ever initiatives like vertical gardens, cycling track, solar lighting & 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 & commitment. The stretch also features India’s 1st ever 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 & plantation of new trees. The project consists of a 6 lane expressway in the centre, flanked by 2 – 4 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 & enhanced quality of life of millions of people.
Welspun Group, known for its varied social initiatives, has played a key role in rehabilitating the slums on the highway. It also runs varied social awareness programs with the local population in the areas of hygiene, women empowerment & 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 & landscape development.
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 varied sectors like roads, water & urban infrastructure. In the highway sector alone, the Company has successfully completed 6 BOT (Toll) Road projects with a total length of over 500 km. Apart from that, the company holds equity investments in Welspun Energy Private Limited (renewable energy) & Welspun Natural Resources Private Limited (Oil & gas exploration).
