IRB Infrastructure Developers has received communication from Ministry of Road Transport & Highways (MORT&H), Government of India, that they have decided to cancel the bid process for the Zozila Tunnel project and cancelled the said LoA awarded to the company without assigning any reasons.
The company had earlier in January received Letter of Award (LoA) from MORT&H for Construction, Operation and Maintenance of Zozila Tunnel including approaches on NH-1 (Srinagar - Sonmarg - Gumri Road) in the state of Jammu & Kashmir on Design, Build, Finance, Operate & Transfer (Annuity) basis.
IRB Infrastructure Developers undertakes development of various infrastructure projects in the road sector through several special purpose vehicles.
