OREANDA-NEWS. December 21, 2012. L&T Infrastructure Development Projects (L&T IDPL), a subsidiary of L&T, and one of the pioneers in infrastructure development in India, achieved financial closure for two of its road projects in Maharashtra on November 30, 2012. The projects will be funded by an ICICI Bank-led consortium and the turnkey ‘Engineering Procurement Construction (EPC)’ contracts for the projects have been awarded to Larsen & Toubro.

The projects involve development (four laning) of contiguous stretches on NH-6 - Amravati to Jalgaon and Jalgaon to the Gujarat / Maharashtra border.

The length of these stretches on NH-6 are approximately 275 km and 209 km respectively, with the concession period for the projects being 19 years and 20 years respectively, including the construction period of 2.5 years. These are among the longest road projects in the country, bid out on Design, Build, Finance, Operate, Transfer (DBFOT) basis.

NHAI’s estimate of the project costs are ' 2537.81 crores for the Amravati - Jalgaon stretch and '1968.37 crores for the Jalgaon to Gujarat / Maharashtra border stretch. Both are part of the East-West connector, linking hubs of economic activity in Gujarat and Maharashtra to the mineral-rich states of Orissa and Chattisgarh.

L&T IDPL has one of the largest project portfolios in the roads sector in India comprising approximately 9200 lane km with a project cost of Rs.22,000 crores. L&T IDPL’s portfolio of road projects includes some of the most economically significant and high-traffic corridors connecting important industrial towns in India.

Backed by a strong team of specialists across domains, L&T IDPL has a significant level of experience in road development based on the Public-Private Partnership model.