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Government cancels Zozila Tunnel project contract awarded to IRB Infrastructure Developers

02 Mar 2016 Evaluate

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.


Peers
Company Name CMP
Larsen & Toubro 3670.00
Kalpataru Projects 1312.95
NCC 115.65
Rail Vikas Nigam 181.00
KEC International 331.70
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