165-km-long Yamuna Expressway, connecting Noida and Agra is up for sale by Jaypee Group, which incurred an expense of Rs 13, 000 crore to construct this 6-lane road.
The construction of Yamuna Expressway, modeled along the lines of UK’s motorway, had more than halved the travel time between Delhi and Agra.
A report published in The Mint said that the move comes amidst reports that the Jaypee Group, comprising Jaiprakash Power Ventures, Jaiprakash Associates and Jaypee Infratech, was struggling under around Rs 60,000 crore in debt.
Anubhav Gupta, an analyst at Maybank Kim Eng Securities India said, “The performance of the Yamuna Expressway project has been below expectations because of the mismatch in traffic volume estimates. The company has been generating toll income revenue of not more than Rs 200 crore per annum versus the earlier expectation of more than Rs 1,000 crore.”
The Jaypee management however told the newspaper that it is “not aware” of the development.
The Yamuna Expressway has been popular among tourists, who want to cut down the travel time to Agra – the city of Taj. However, Yamuna Expressway is infamously called the “deadliest” road in the country because of a large number of road accidents.
There were 275 accidents in 2012, which rose to 896 in 2013. There were 771 accidents in 2014. In 2015, there have been 252 accidents till mid-July with death toll at 319.
Frequent accidents aside, high toll has been a big discouraging factor for ordinary users to take this road to travel to Agra or other connecting destinations in Uttar Pradesh. In the stretch of 165 kms, there are three toll plazas.