IL&FS Transportation Networks has inked a Memorandum of Understanding (MoU) with National Highways and Infrastructure Development Corporation (NHIDCL) under the Ministry of Road Transport & Highways, for construction of the 14.150 km long, 2-lane bi-directional Zojila Tunnel in Jammu & Kashmir.
The construction of this tunnel will provide all weather connectivity between Srinagar, Kargil and Leh and will bring about all round economic and socio-cultural integration of these regions. The total capital cost of the project is Rs 6,808.69 crore.
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.