L&T Signs agreement for six laning of Samakhiali Gandhidham Road (NH-8A) on DBFOT basis
19 Mar 2010
L&T Samakhiali Gandhidham Tollway Private Limited, an SPV incorporated by L&T, today signed the concession agreement for six laning of the national highway 8A with the National Highway Authority of India (NHAI).
The Project would be executed on a design, build, finance and operate (BOT DBFO) basis, with a concession period of 24 years. The estimated project cost is of the order of about Rs1,400 crore, and the project is scheduled to be completed within a period of 30 months. The concessionaire is entitled to collect toll from project highway users during the concession period, including the construction period.
A part of Phase V of the national highways development programme, NHAI is working on the six laning the existing four lane stretches of the golden quadrilateral.
One of the prestigious and important links in this corridor is the connecting link of NH 8A which is the main evacuation route for Kandla and Mundra Ports, connecting to the hinterlands spread out in the interiors of Gujarat and North India, extending to Rajasthan, Haryana, Punjab and beyond.
With this project, L&T now has 13 projects in its BOT roads portfolio, of which seven are presently in operation phase and five are in the construction phase.
With the latest project it has bagged, L&T is now developing 4,600-lane km under at a total investment of Rs12,000 crore and is keenly watching the rapidly expanding road infrastructure space and is keen on adding a few more key road corridors to its portfolio in the near future.
Larsen & Toubro, an $8.5-billion technology, engineering and construction group, with global operations is one of the largest and most respected companies in India's private sector.
L&T undertakes turnkey construction of fertilizer, refinery and petrochemical plants; cross-country pipelines and oil & gas terminals covering civil, structural, piping equipment, heavy lifts, electrical and instrumentation work.