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L&T Infrastructure Development Projects (L&T IDPL) said it has achieved financial closure for two of its road projects in Maharashtra on November 30.
The National Highways Authority of India’s (NHAI) estimate of the project costs are Rs 2,537.81 crore for the Amravati-Jalgaon stretch (275 km) and Rs 1,968.37 crore for the Jalgaon to Gujarat/Maharashtra border stretch (209 km).
The projects will be funded by an ICICI Bank-led consortium and the turnkey ‘engineering procurement construction’ contracts have been awarded to Larsen and Toubro.
Both stretches are part of the East-West connector, linking hubs of economic activity in Gujarat and Maharashtra to Orissa and Chhattisgarh.
The concession periods for the two projects are 19 years and 20 years, including construction period of 2.5 years.
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