L&T achives finaancial closure for 2 major road project in Maharashtra

L&T Infrastructure Development Projects brought two road projects Amravati-Jalgaon stretch and Jalgaon to Gujarat in Maharashtra have achieved financial closure and would be completed in 30 months.

The concession period is 19 years and 20 years respectively including the construction period. A consortium led by ICICI Bank will fund the two projects to the tune of Rs.4,506 crore.

The Amravati-Jalgaon stretch would cost Rs.2,537.81 crore while the Jalgaon to Gujarat border stretch would cost Rs.1,968.37 crore.