L&T Samakhiali Gandhidham Tollway, a SPV incorporated by Larsen & Toubro (L&T) has signed the concession agreement for six laning of the 56 km stretch of NH 8A with NHAI today. The project would be executed on a BOT DBFO (Design Build Finance & Operate) basis, with a concession period of 24 years. The estimated project cost of the order is Rs 1400 crore and the project is scheduled to be completed within a period of 30 months. The concessionaire is entitled to collect tolls from the users of the project highway during the concession period, including the construction period.
With this project, L&T currently has 13 projects in its BOT roads portfolio, out of which 7 are presently in operation phase, 5 in construction phase, and this project is entering the development phase, thus cumulating in a length of 4600 lane km. and a total investment of Rs. 12000 crore. L&T is optimistically viewing the expanding road infrastructure space and is keen on adding a few more key road corridors in its kitty in the near future.
The company made this announcement during the trading hours today, 19 March 2010.