L&T Samakhiali Gandhidham Tollway, a Special Purpose Vehicle (SPV) incorporated by Larsen & Toubro (L&T) has entered into a concession agreement with National Highways Authority of India (NHAI) for six laning of the 56 km stretch of NH-8A.
The project will be executed on a BOT Design Build Finance and Operate (DBFO) basis, with a concession period of 24 years. The estimated cost of project is about Rs 1,400 crore and 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.
With this project, the company currently has 13 projects in its BOT roads portfolio, out of which seven are presently in operation phase, five in construction phase and this project is entering into the development phase.