L&T IDPL inks pact with NHAI for Rs 4,800 crore road projects

Projects have concession period of 20 years, inluding construction period of 30 months

Engineering major Larsen & Toubro (L&T) today said its arm L&T Infrastructure Development Projects (L&T IDPL) has emerged as a successful bidder for the two contiguous NHAI road projects worth Rs 4,800 crore.

"Separate Special Purpose Vehicles (SPVs), subsidiaries of L&T IDPL signed concession agreements with the National Highways Authority of India (NHAI). Both the projects have concession period of 20 years, including a construction period of 30 months," the Larsen and Toubro (L&T) subsidiary said in a statement.

The projects -- 275 km Amravati to Jalgaon and 209 km Jalgaon to Maharashtra -- are for 4-laning and will be built by the construction arm of L&T as EPC contractors.

The two road sections totalling 484 km are part of National Highway No. 6 connecting Surat to Kolkata, and are a prominent East–West connector, the statement said.

NH 6 passes through mineral rich states like Orissa and Chattisgarh besides industrial states like Maharashtra and Gujarat.

"The projects are the longest stretches to be offered in Maharashtra on Build–Operate-Transfer (BOT) basis," the company said.

At present, the road is in two lane configuration and has to be widened to four lanes along with other facilities like bypasses, flyovers, over bridges across all railway level crossings, underpasses, bridges, toll plazas, etc.

"The projects will be built to the latest safety standards and will have facilities like crash barriers, guard rails, bus shelters, ambulance, crane service, etc.," the statement added.

The Project would offer seamless, safer and faster commute between places like Surat, Dhule, Nagpur and shall pave way for development in Vidharbha region of Maharashtra.