Two road projects will be constructed by L&T
L&T Infrastructure Development Projects has signed the concession agreement with National Highways Authority of India (NHAI) to build-own-operate two road projects worth a total of Rs 4,800 crore.
L&T IDPL signed agreements with the NHAI for both the projects which will have a concession period of 20 years, including a construction period of 30 months. The company had emerged best bidder for these projects in March.
The two road sections, of 275 km and 209 km respectively, are a part of National Highway-6 connecting Surat to Kolkata.
L&T IDPL has a portfolio of 19 road projects worth Rs 21,000 crore, of which 10 are operational.
These two projects are a part of the infrastructure development program taken by the National Highways Authority of India to develop the road ways of the rural and urban India.
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Source: Economic Times
high way projects in India, Infrastructure development, L&T, National Highways Authority of India, Real estate in India
