L&T to widen Krishna-Walajahpet Highway

Mumbai, May 14: Larson & Tourbo (L&T) who has incorporated special purpose Vehicle (SPV) Krishnagiri-Walajahpet Highway has signed a Concession Agreement with the National Highways Authority of India (NHAI) for six laning of 148.30 km Krishnagiri-Walajahpet Highway of NH 46 in Tamil Nadu.

The concession period for the project will be 30 years and it will be executed on BOT DBFO (Design Build Finance & Operate) basis.The project is estimated to cost around Rs 1450 crore, and is scheduled to be completed within a period of 30 months.The concessionaire will be entitled to collect toll from the users of the highway during the concession period, including the construction period.

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. 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.

OneIndia News