L&T Krishnagiri Walajahpet Tollway Private Limited, a special purpose vehicle (SPV) incorporated by Larsen & Toubro (L&T), inked pact with the National Highways Authority of India (NHAI) for expanding to six lanes the 148.30-km stretch of Krishnagiri-Walajahpet Highway of NH 46 in Tamil Nadu.

The project will be executed on a BOT DBFO (Design Build Finance & Operate) basis, with a concession period of 30 years.  The estimated project cost is around Rs 1,450 crore, and it is scheduled to be completed in 30 months.  The concessionaire is entitled to collect toll from the users of the highway during the concession period, including the construction period.

As part of Phase-V of the National Highways Development Programme (NHDP), NHAI is widening the existing four lane stretches of the Golden Quadrilateral (GQ) to six lanes. This corridor forms the main and preferred road connectivity between Chennai and Bangalore in south India, and caters to both commercial and passenger movement between the two cities.

With this project, L&T currently has 14 projects in its BOT Roads portfolio, out of which seven are presently in operation phase, 5 in construction phase, and 2 in development phase, thus cumulating in a length of 5,500 lane-km, and a total investment of Rs 13,000 crore.

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