L&T bags NHAI order for six laning
Construction major Larsen & Toubro (L&T) has got a project worth of Rs1450 crore to widen national highway between Krishnagiri and Walajahpet into six lane. The highway comes under NH 46 in Tamil Nadu.
The company’s SPV L&T Krishnagiri Walajahpet Tollway Private Limited has recently signed a concession agreement with the National Highways Authority of India (NHAI) for the same which will last for 30 years. The project will be executed on a BOT DBFO (Design Build Finance & Operate) basis in 30 months. L&T will be entitled to collect toll from the users of the highway during the concession period, including the construction period.
NHAI is widening the existing four lane stretches of the Golden Quadrilateral (GQ) to six lanes under the National Highways Development Programme (NHDP). This corridor forms the main and preferred road connectivity between Chennai and Bangalore in south India, and caters to both commercial and passenger movement between the two cities.
L&T currently has 14 projects in its BOT Roads portfolio, out of which seven are presently in operation phase, five in construction phase, and two in development phase. The cumulating length that L&T is building at the moment is 5500 lane-km with a total investment of Rs13,000 crore.
The company said it is optimistically viewing the expanding road infrastructure space and is keen on adding a few more key road corridors in the near future.