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L&T BPP Tollway, a special purpose vehicle incorporated by 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. The total book size of the projects is Rs 15,800 crore, L&T said. L&T's Buildings & Factories Company said it had secured orders worth Rs 4,100 crore in the first quarter of FY12.
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