L&T to construct Samakhiali-Gandhidham road
Monday, March 29, 2010
L&T Samakhiali Gandhidham Tollway, a special purpose vehicle (SPV) incorporated by Larsen & Toubro (L&T), has signed a concession agreement for six laning of the 56 km stretch of National Highway (NH) 8A with National Highways Authority of India (NHAI). The project will be executed on build, operate and design basis, with concession period of 24 years.
The estimated project cost is about Rs 1,400 crore, and the project is scheduled to be completed in 30 months. The concessionaire is entitled to collect tolls from the users of the project highway during the concession period, including the construction period. As part of Phase V of the National Highways Development Programme (NHDP), the NHAI is upgrading the existing four lane stretches of the Golden Quadrilateral to six lane. One of the 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 interior Gujarat and Northern India, extending to Rajasthan, Haryana, Punjab and beyond.
With this project, L&T currently has 13 projects in its build, operate and transfer (BOT) roads portfolio, of which seven are in operation phase, five in construction phase, and this project is entering the development phase.
â€¢ 6 laning of 56 km stretch of NH 8A
â€¢ Execution on build, operate and design basis
â€¢ Estimated project cost is Rs 1,400 cr
â€¢ Project is scheduled to be completed in 30 months