The objectives of the proposed expressway are as follows:
(a) Upcoming huge urban conglomerates in NOIDA and Greater Noida with their own potential will have easy accessibility towards Aligarh, Mathura and Agra.
(b) Safe, shorter travel time and the accessibility in the region will accelerate land development along the Yamuna Expressway in a planned manner for commercial, industrial, institutional amusement and residential purposes.
The proposed Yamuna Expressway, would actually be an extension of 6 lane Expressway from Noida to Greater Noida thus opening up the vast virgin area on the eastern bank of river Yamuna for the industrial and urban Development and provide convergence to the tourism, entertainment, leisure and knowledge based industry in region.
Yamuna Expressway Project is being implemented through Jaiypee Infratech Ltd. as Concessionaire of the Project. The Concession Agreement between Jaiprakash Industries Ltd. (Now Jaiypee Infratech Ltd., the SPV Company set-up as per Concession Agreement) and Yamuna Expressway Industrial Development Authority was signed on 07th February, 2003.
The total length of the Yamuna Expressway from Zero Point Greater Noida upto Agra will be 165.537 kms. as per the Alignment approved in the 14th Board Meeting held on 09-03-2007.
As per the provision of Concession Agreement, Concessionaire have rights for collecting tolls during the concession period of 36 years and also rights for land development of about 25 million square meters of land along the proposed Expressway. Land including 100 meters for the Expressway at five or more locations of which one location shall be in Noida/Greater Noida with an area of 5 million Square meters along the Expressway for commercial, amusement, industrial, institutional and residential development would be offered on acquisition cost on lease for the period of 90 years.
As per the Concession Agreement, land for development as well as expressway shall be transferred to Concessionaire on acquisition cost plus lease rent of Rs.100/- per hectare per year. The cost of construction of Expressway will be borne by the Concessionaire.
The project is in an advanced stage of construction and is likely to be completed by 2012.