Concession agreement for Z-Morh tunnel construction
ROADS & HIGHWAYS

Concession agreement for Z-Morh tunnel construction

A Concession Agreement has been recently signed for completing the 6.5-km-long Z-Morh tunnel in Jammu and Kashmir in the presence of Union Minister for Road Transport & Highways and MSMEs Nitin Gadkari. MoS Road Transport & Highways General (Retd) Dr VK Singh; Secretary Road Transport & Highways Sanjiv Ranjan; and other senior officers from the Ministry and NHIDCL were present on the occasion.

The project includes construction, operation and maintenance of the tunnel with approaches on NH-1 at Srinagar-Sonmarg-Gumri Road from 61 km to 89.30 km on the Design, Build, Finance, Operate and Transfer (DBFOT) Annuity basis.

The two-lane bi-directional tunnel with parallel escape tunnel will be completed in 3.5 years at a cost of Rs 23.7876 billion. The concessionaire has been awarded DLP period or operation & maintenance period of 15 years from the completion date. The earlier contract is being foreclosed in terms of Ministry ‘Guidelines Principles for Resolution of Stuck National Highway Projects’ dated March 9, 2019.

Bids for the project were re-invited on June 24, 2019 with a TPC of Rs 23.7876 billion on BOT (Annuity) basis. Four bids were received, and were opened on August 29, 2019. After receiving necessary administrative approval and financial sanction, the project award was sanctioned by the Ministry on December 17, 2019. The LoA for the project was subsequently issued on December 19, 2019 to APCO Infrastructure.

A Concession Agreement has been recently signed for completing the 6.5-km-long Z-Morh tunnel in Jammu and Kashmir in the presence of Union Minister for Road Transport & Highways and MSMEs Nitin Gadkari. MoS Road Transport & Highways General (Retd) Dr VK Singh; Secretary Road Transport & Highways Sanjiv Ranjan; and other senior officers from the Ministry and NHIDCL were present on the occasion. The project includes construction, operation and maintenance of the tunnel with approaches on NH-1 at Srinagar-Sonmarg-Gumri Road from 61 km to 89.30 km on the Design, Build, Finance, Operate and Transfer (DBFOT) Annuity basis. The two-lane bi-directional tunnel with parallel escape tunnel will be completed in 3.5 years at a cost of Rs 23.7876 billion. The concessionaire has been awarded DLP period or operation & maintenance period of 15 years from the completion date. The earlier contract is being foreclosed in terms of Ministry ‘Guidelines Principles for Resolution of Stuck National Highway Projects’ dated March 9, 2019. Bids for the project were re-invited on June 24, 2019 with a TPC of Rs 23.7876 billion on BOT (Annuity) basis. Four bids were received, and were opened on August 29, 2019. After receiving necessary administrative approval and financial sanction, the project award was sanctioned by the Ministry on December 17, 2019. The LoA for the project was subsequently issued on December 19, 2019 to APCO Infrastructure.

Next Story
Infrastructure Energy

Samridh, CEID Launch High-Capacity Biogas Plant in Moradabad

Samridh Bioenergy has broken ground on a 12 TPD compressed biogas (CBG) plant in Moradabad, Uttar Pradesh, under the MNRE’s National Bioenergy Programme. Spread across 12 acres, the plant will process 270 tonne of organic waste daily and generate 30,000 cubic metre of biogas per day.CEID Consultants and Engineering Pvt Ltd has been appointed as the EPC contractor, responsible for the complete design, procurement, and construction of the plant. Equipped with four multi-feed digesters, the facility will accept a mix of press mud, cow dung, chicken litter, and vegetable waste, supporting contin..

Next Story
Real Estate

Delhi Micro-Markets Drive Up Housing Prices: Grihum Study

A new study by Grihum Housing Finance reveals that the rise of micro-markets across Delhi-NCR is fuelling real estate price appreciation, especially in the affordable housing segment. Key drivers include renewed post-pandemic interest, migration trends, and government schemes like PMAY.According to the study, over the past two decades, floor rates have risen 267 per cent, from Rs 1,500 per sq ft in 2005 to Rs 5,500 in 2024. In the same period, land rates surged 492 per cent, from Rs 1,300 to Rs 7,700 per sq ft. The sharp increase highlights strong capital appreciation in Delhi’s emerging loc..

Next Story
Resources

Covestro Develops PCR Polycarbonates from End-of-Life Headlamps

Materials manufacturer Covestro has launched post-consumer recycled (PCR) polycarbonates made from end-of-life automotive headlamps, in a move aimed at strengthening circularity in the auto industry. These TÜV Rheinland-certified grades, containing 50 per cent recycled content, are now commercially available for new automotive applications.Developed under a joint programme led by GIZ, with Volkswagen and NIO as key partners, the recycled material is currently being validated for use in future vehicle models.""This new line of polycarbonate represents a significant step in supporting the autom..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?