India tunnel project bids being received

Bidding has been strong for a major tunnel project in India. The project, to construct the Zojila Tunnel in Jammu & Kashmir, is expected to cost in the order of US$1.56 billion. A low bid for the engineering, procurement and construction (EPC) contract for the Zojila tunnel project was received from IL&FS Transportation Networks (ITNL). Other bids came from Reliance Infrastructure, Jaiprakash Associates, and Larsen & Toubro. The bidding process for the project has been managed by India’s National Highways &
August 7, 2017 Read time: 1 min

Bidding has been strong for a major tunnel project in India. The project, to construct the Zojila Tunnel in Jammu & Kashmir, is expected to cost in the order of US$1.56 billion. A low bid for the engineering, procurement and construction (EPC) contract for the Zojila tunnel project was received from 3148 IL&FS Transportation Networks (ITNL). Other bids came from 1234 Reliance Infrastructure, Jaiprakash Associates, and 6458 Larsen & Toubro. The bidding process for the project has been managed by India’s National Highways & Infrastructure Development Corporation (NHIDC).

Finance & Funding

For more information on companies in this article

Related Content

  • Boom in Asian infrastructure investment
    February 8, 2012
    Investment in China and India continues unabated, but other nations on the continent are eager to attract companies as Patrick Smith reports Asia is still booming despite the current economic crisis, and new infrastructure programmes are constantly coming on stream. Powerhouses China and India, with their double-digit growth figures and huge infrastructure plans (in scope and cost), are leading the way and are still magnets for businesses wishing to expand, both in terms of facilities and customers. But oth
    Read More
  • Prague tunnel construction complete
    May 10, 2012
    Drilling work on the Blanka road tunnel in Czech capital Prague has now been completed. The new tunnel will become part of the Prague ring road once it is open to traffic. Construction commenced in 2007 but the project has faced a series of problems, including three collapses. The original cost was estimated at nearly €870 million for the construction works, €172 million for technology and €65 million for survey work. However, due to the problems the link has suffered the project is expected to cost close t
    Read More
  • Middle East funding for Indian roads
    February 15, 2016
    Funding from the Middle East looks set to help develop new Indian highway projects. Some $15.6 billion from the Abu Dhabi Investment Authority (ADIA), a UAE-based sovereign wealth fund, will be directed towards highway projects in India. This will be used for 50 highway projects in India on a toll-operate-transfer (TOT) basis. The Indian Government is planning to award 104 highway projects under the TOT model that will allow investments by private equity firms, infrastructure developers and institutional in
    Read More
  • Boom in Asian infrastructure investment
    April 5, 2012
    Investment in China and India continues unabated, but other nations on the continent are eager to attract companies as Patrick Smith reports Asia is still booming despite the current economic crisis, and new infrastructure programmes are constantly coming on stream. Powerhouses China and India, with their double-digit growth figures and huge infrastructure plans (in scope and cost), are leading the way and are still magnets for businesses wishing to expand, both in terms of facilities and customers. But oth
    Read More

Highlighted Content