Funding has been found to finance India’s infrastructure investment into National Highway 1 in Jammu & Kashmir. A deal by ICICI Bank and Srinagar Sonmarg Tunnelway is providing the necessary loans for the Srinagar-Sonamarg-Gumri road and tunnel link. The project involves building a 6km road and 6.5km tunnel and the concession deal also involves maintenance and operation of the link. Srinagar Sonmarg Tunnelway, is a 49:51 joint venture combined of IL&FS Transportation Networks and Soma Enterprises.
Funding has been found to finance India’s infrastructure investment into National Highway 1 in Jammu & Kashmir. A deal by ICICI Bank and Srinagar Sonmarg Tunnelway is providing the necessary loans for the Srinagar-Sonamarg-Gumri road and tunnel link. The project involves building a 6km road and 6.5km tunnel and the concession deal also involves maintenance and operation of the link. Srinagar Sonmarg Tunnelway, is a 49:51 joint venture combined of
