Ganga Expressway update

The Jaypee group has reportedly pulled out of the 1,047km-long Ganga Expressway project after withdrawing the Rs 1,000 crore bank guarantee. Sources in the developer group said that the government had failed to provide environmental clearance for the project and it was in no position to invest a huge amount in it. The fate of the Rs 40,000-crore project went under a cloud since May 2009, when the Allahabad High Court restrained from proceeding with the project.