L&T IDPL achieves financial closure for 2 projects in Maha

L&T Infrastructure Development Projects (L&T IDPL) on Friday said it has achieved financial closure for two of its road projects in Maharashtra. The financial closure for the projects, which will be funded by an ICICI Bank-led consortium, was achieved on November 30, the company said in a statement. The projects involve four laning of contiguous stretches on NH-6 including Amravati to Jalgaon (275 km) and Jalgaon to Gujarat-Maharashtra border (209 km), on design, build, finance, operate and transfer (DBFOT) basis, it said.

The estimated cost of the projects are Rs 2,537.81 crore for the Amravati-Jalgaon stretch and Rs 1,968.37 crore for the Jalgaon to Gujarat-Maharashtra border stretch. The concession period for the Amravati-Jalgaon and the Jalgaon to Gujarat-Maharashtra projects are 19 years and 20 years, respectively, which includes the construction period of 2.5 years, the release said. Both the projects are a part of the east-west connector, linking hubs of economic activity in Gujarat and Maharashtra to the mineral-rich states of Odisha and Chhattisgarh, it said.