2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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HDFC
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Axis Bank
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SBI
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PNB
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Detailed explanation-1: -The correct answer is Punjab National Bank. A loan of Rs. 5100 crore sanctioned by Punjab National Bank was transferred for Ganga Expressway construction in Uttar Pradesh on 21 August 2021. The Ganga Expressway will connect Meerut in west UP to Prayagraj in the eastern part of the state.
Detailed explanation-2: -Ganga Expressway Project: Adani Enterprises secures finances of ₹10, 238 crore from the lenders | Mint.
Detailed explanation-3: -Ganga Expressway is an ambitious greenfield expressway project in the state of Uttar Pradesh (UP). Phase 1 of the Ganga Expressway will connect Bijauli village in the Meerut district to Judapur Dandu village in the Prayagraj district. The state government expects the project to be completed by the year 2024.
Detailed explanation-4: -The expressway will pass through 12 districts of Meerut, Amroha, Bulandshahar, Badaun, Shahjahanpur, Farrukhabad, Hardoi, Kannauj, Unnao, Rae Bareli, Pratagarh and Prayagraj. The following not-so-pretty map from UPEIDA’s tender documents related to survey-work shows Ganga Expressway’s alignment and start/end points.
Detailed explanation-5: -Directors of Ganga Expressway Consultants Private Lim Ited are Bhushan Kumar Makhija, Alok Kumar Basu and Ratiranjan Mandal. Ganga Expressway Consultants Private Lim Ited’s Corporate Identification Number is (CIN) U74140DL2008PTC172957 and its registration number is 172957.