L&T-Sojitz bags Rs 6,700-cr deal for freight corridor
A consortium of construction major Larsen & Toubro and Japan’s Sojitz Corp won Rs 6,670-crore order to build a 626-km stretch of the proposed western dedicated freight corridor.business Updated: Jun 10, 2013 20:57 IST
A consortium of construction major Larsen & Toubro and Japan’s Sojitz Corp won Rs 6,670-crore order to build a 626-km stretch of the proposed western dedicated freight corridor.
The contract covers the laying of a double-lane road stretch from Rewari in Haryana to Iqbalgarh in Gujarat via Rajasthan, as part of the 1,490-km western freight corridor between Dadri in the National Capital Region and the Jawaharlal Nehru Port Trust near Mumbai.
L&T has said that this is the largest project awarded so far in the rail sector in India.
Land acquisition for this stretch of the western freight corridor is almost complete, and construction is expected to take four years.
Dedicated Freight Corridor Corporation of India Ltd (DFCCIL), the special-purpose vehicle to build dedicated freight corridors, had in May awarded the first contract, worth R3,300 crore, to lay a 343-km double-lane highway stretch between Kanpur and Khurja, to Tata Projects and its Spanish joint venture partner Aldesa.
DFCIL is funded by the Japan International Cooperation Agency.