Agra : The Samajwadi Party's dream project Agra-Lucknow Expressway, fashioned to rival BSP supremo Mayawati's Yamuna Expressway, is finding no support from financiers, venture-capitalists and other private investors.
The 270-km access-controlled six-lane Agra-Lucknow greenfield expressway has failed to woo investors.
This is being seen as a major setback to Chief Minister Akhilesh Yadav's ambitious project.
Officials of the Uttar Pradesh Expressway Industrial Development Authority (UPEIDA) that invited bids for the project to be implemented on build operate transfer (BOT) toll model, are now working on alternative plans after none of the five companies including Essel Infrastructure, Reliance Infrastructure and Jaypee Group, showed any interest in the project.
Some of the developers in fact doubted the feasibility of the project. They suggested that the expressway be modelled on the Yamuna Expressway that includes five land parcels to support the cost of the project.
