Insta
Chenani-Nashri tunnel in J&K (Representative Image) (Sidheeq/Wikimedia Commons)
In a major connectivity boost for Jammu and Kashmir post the scrapping of Article 370 and bifurcating of the erstwhile state into two Union Territories, the Government of India has awarded the building of the strategic 6.5 km-long Z-Morh tunnel to Gurgaon based APCO Infratech, reports Economic Times.
The mega project will provide all-weather connectivity between Srinagar in Kashmir Valley, and Kargil in Ladakh. The Rs 2,378-crore project which also holds strategic significance, had earlier been awarded to the now-troubled IL&FS, and was in a stasis for a year after the company got into trouble.
It was after the collapse of IL&FS that the state-run National Highways and Infrastructure Development Corporation Limited (NHIDCL) terminated the previous contract and invited fresh bids for the project again, in which APCO Infratech emerged as the lowest bidder for financial bids.
“APCO emerged as the lowest bidder, quoting the annuity amount of Rs 296 crore,” an official was quoted in the report as saying.
The tunnel is being built on the Build-Operate-Transfer (BOT) model and is likely to be completed within 3.5 years from when the contract is awarded. IL&FS has completed about 30 per cent of the work on the project, and the rest will now be completed by APCO Infratech.
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.
Latest