India approves 3 PPP projects after L&T terminates contracts

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India approves 3 PPP projects after L&T terminates contracts

India's Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has given its approval for the development of the Amravati-Chikhli, Chikhli-Fagne and Fagne-Gujarat/Maharashtra border sections of National Highway NH-6 in Maharashtra, India.

The projects will be developed under the National Highways Development Project (NHDP) Phase IV in build, operate and transfer (BOT - Toll) mode on design, build, finance, operate and transfer (BOT/DBFOT) basis. The three road PPP projects involve:

The main object of these projects is to expedite the improvement of infrastructure in the state of Maharashtra and also in reducing the time and cost of travel for traffic, particularly heavy traffic, plying between Amravati-Chikhli-Fagne-Gujarat/ Maharashtra border section of National Highway NH-6 in Maharashtra. Development of this road will also help uplift the socio-economic condition of this region of the State. It will also increase employment potential for the local labourers for project activities.

The approvals come after Larsen and Toubro terminated contracts of two stretches that formed the Amravati-Maharashtra border route:

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