L&T Infra bags four-laning project in Rajasthan worth Rs.2,600 Cr from NHAI

Mumbai: L&T Infrastructure Development Projects Ltd, has signed a concession agreement with NHAI for four-laning a 244 km stretch of NH 14, between Beawar and Pindwara, in Rajasthan.

The build, operate and transfer project, on design, build, finance and operate mode has a concession period of 23 years.

The estimated project cost is about Rs 2,600 crore and is scheduled for completion in 30 months.

With this project, L&T has 16 projects in its BOT roads portfolio, of which, seven are in the operation phase, eight in construction phase and this project is under development phase.