L&T's Rajkot Vadinar Tollway Commences Commercial Operations (09-Feb-2012)
L&T Rajkot Vadinar Tollway (L&T-RVTL), a wholly-owned subsidiary of L&T Infrastructure Development Projects (L&T-IDPL), has commenced commercial operations of the four-laned 132 km stretch of SH-25 on February 01, 2012. The project is between Rajkot and Vadinar via Jamnagar in Gujarat and is for the Gujarat State Road Development Corporation (GSRDC).
The road traverses through the towns of Rajkot, Dhrol and Jamnagar and provides better connectivity to the industrial hubs of Vadinar and Jamnagar. This four-laning project is expected to accelerate the development and growth prospects in this region. The cost of the project is Rs 1,096 crore, and the concession period for the project is 20 years including the construction period. L&T-RVTL is entitled to collect toll from the users of the project highway during the concession period.
L&T-IDPL has committed an investment of Rs 3,900 crore in three highway projects bid out by GSRDC. L&T-RVTL is the first to start toll operations, the other two projects Halol-Godhra-Shamlaji and Ahmedabad-Viramgam-Maliya is expected to start commercial operations shortly.
With the completion of this project, L&T-IDPL currently has 8 operational projects in its roads portfolio, 8 projects under implementation, and 1 project in development stage. The portfolio of 17 projects is one of the largest in the country cumulating to a length of 7200 lane km, and a total project book size of Rs 17,000 crore.
L&T is an $11.7 billion technology, engineering and construction group, with global operations. It is one of the largest and most respected companies in India's private sector.
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