Larsen & Toubro Ltd.

L&T Infrastructure Development Projects (L&T IDPL) has been awarded a contract by the government of Odisha for developing a road project estimated at a total cost of Rs 1,293 crore. The road project issued by the Odisha Works Department, will be built under the Public-Private-Partnership model. L&T IDPL had bid for a grant of Rs 465.30 crore, for four-laning the Sambalpur-Rourkela section of the state highway. The stretch extends for 161.73 km and has been offered for a concession period of 22 years, including the construction period of three years. This will be L&T IDPL's first road project in Odisha to be executed on a build-operate-transfer basis.

The concession agreement for the project was signed between L&T Sambalpur Rourkela Tollways, a special purpose vehicle formed for the project by L&T IDPL, and the Government of Odisha. Currently, the road has two lanes and has to be widened to four lanes along with other facilities such as flyovers, underpasses, bridges, bus bays, rest areas and service roads. The project shall have state-of-art facilities such as advanced Highway Traffic Management Systems, Highway Patrolling Service and Accident Vehicle Recovery Service. The concessionaire shall be entitled to collect appropriate tolls after completion of construction, based on a pre-determined toll policy issued by Government of Odisha.

Major companies located in the vicinity of the road are Rourkela Steel Plant, L&T Kansbahal Works, UltraTech Cement, Vedanta Aluminum, Bhushan Power and Steel and large areas of coal mines of Coal India.