L&T bags Rs 379-cr project from NHAI

Larsen and Toubro has been awarded a contract to build a new four-lane bridge across Narmada river at Zadeshwar about 90 km away from here by the National Highway Authority of India (NHAI), which will be ready within 30 months, a senior NHAI official said today.
"L&T was awarded this contract, after Hindustan construction company (HCC) failed to abide by the tender condition. After failure of HCC, five companies including L&T bid for it after inviting tenders for this project," P R Patelia, chief general manager, NHAI, told PTI here.
The total cost of the project, including construction of the bridge is Rs 379 crore, he added.

The entire project approved by the cabinet committee on economic affairs includes six laning of the Vadodra-Surat section of National Highway-8 including construction of a new four lane extra dosed bridge across the Narmada River and two eight lane flyovers from Jhagadia and Bharuch city under the NHDP Phase V.
L&T has earlier on February28 said in a BSE filing that "a major EPC order has been received from National Highways Authority of India for construction of a new four lane extra dosed heavy bridge across the Narmada and six laning of a portion of Vadodara-Surat section of NH-8 in Gujarat."

The project is covered in the district of Bharuch. The cost of the entire project was higher earlier as it was to be constructed under BOOT (built, own, operate and transfer) model where HCC was recuired to raise fund from its own sources.
Later, NHAI decided to construct it from its own fund and that is why the cost of the project has gone down, Patelia said.