APCO Infrastructure has received LoA issued by the government for the construction of Z-Morh tunnel in J&K. 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 Design, Build, Finance, Operate and Transfer (DBFOT) Annuity basis.
A Concession Agreement was signed for completing the 6.5 km long Z-Morh tunnel in J&K in the presence of Union Minister for Road Transport & Highways and MSMEs Nitin Gadkari. MoS Road Transport & Highways, Gen (Retd) Dr V K Singh, Secretary Road Transport & Highways, Sanjiv Ranjan, and other senior officers from the Ministry and NHIDCL were present on the occasion. The 2-lane bi-directional tunnel with parallel escape tunnel will be completed in 3.5 years at a cost of Rs. 2378.76 crore. The concessionaire has been awarded DLP Period /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’.
Bids for the project were re-invited with a TPC of Rs. 2378.76 crore on BOT (Annuity) basis. Four bids were received, and after receiving necessary administrative approval and financial sanction, the project award was sanctioned by the Ministry.
@EPC World Media