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L&T's SPV signs deal with NHAI for road project

Friday, 19 Mar 2010
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L&T Samakhiali Gandhidham Tollway, an SPV floated by L&T, on 19 March 2010 signed the concession agreement with the NHAI for six-laning of 56 km stretch of NH 8A.

The Rs 1,400-crore project is to be executed on a BOT DBFO basis, with a concession period of 24 years. The concessionaire is entitled to collect tolls from the users of the project highway during the concession period including the construction period.

The road project is slated to be completed within 30 months.

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