IL&FS Transportation Networks has received a Letter of Acceptance (LoA) dated January 19, 2018 from National Highways & Infrastructure Development Corporation (NHIDCL) for development of the Project. The construction period for the Project is 2,555 days.
Earlier, in July 2017, the company had emerged as the lowest bidder for Construction, Operation and Maintenance of 2-Lane Bi-Directional Zojila Tunnel with Parallel Escape (Egress) Tunnel on Srinagar-Leh Section (the Project) in the State of Jammu & Kashmir on EPC mode at a cost of Rs 4,899.42 crore. The Project is implemented by Ministry of Road Transport & Highways (MORTH) through NHIDCL.
IL&FS Transportation Networks is an India-based surface transportation infrastructure company. The company is a developer, operator and facilitator of surface transportation infrastructure projects, taking projects from conceptualization through commissioning to operations and maintenance under public to private partnership on build-operate-transfer (BOT) basis.