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Pimpalgaon-Nashik-Gonde (Maharashtra)
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Pimpalgaon Nashik Gonde Tollway Limited (PNGTL) – an SPV with 48 % shareholding of L&T IDPL and 26% shareholding of L&T, has executed the six lane, 60 km stretch connecting Pimpalgaon–Nashik–Gonde section of NH-3, in Maharashtra on DBFOT basis. The project falls on the road that connects the financial capital of India - Mumbai to states like UP, MP, West Bengal and Orissa among others.
The scope of this project includes a 6.1 km long Elevated Corridor by-passing the thickly populated Nashik town. The SPV has designed, engineered, funded, and constructed the Project highway and is responsible for Toll Collection, operations and maintenance of the stretch for the period of concession.
The concession period of this INR 16.91 billion project is 20 years, inclusive of the construction period of 30 months.
PNGTL is a truly unique project as it is India's first and only all women toll plaza operated by women with female staff handling toll collection round the clock.
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Corporate Governance
