The planning process for a major tunnel project in India now looks set to be delayed. The Ministry of Road Transport and Highways (MoRTH) cancelled the bid process for the US$1.46 billionn Zozila tunnel project on National Highway 1 in Jammu & Kashmir. IRB Infrastructure Developers in India had previously received a letter of award (LoA) to perform construction, operation and maintenance on the tunnel on a design, build, finance, operate and transfer (annuity) basis. No reason was given for the cancellation
The planning process for a major tunnel project in India now looks set to be delayed. The Ministry of Road Transport and Highways (MoRTH) cancelled the bid process for the US$1.46 billionn Zozila tunnel project on National Highway 1 in Jammu & Kashmir. IRB Infrastructure Developers in India had previously received a letter of award (LoA) to perform construction, operation and maintenance on the tunnel on a design, build, finance, operate and transfer (annuity) basis. No reason was given for the cancellation of the bid.