IL&FS Transportation Networks Ltd on 3 May 2010 received the Letter of Award
(LoA) from NHAI for developing the four-laning of Chenani - Nashri project of
NH-1A.
The company has emerged as the lowest bidder for the Rs 2,519 crore project.
The scope of the bidder includes rehabilitation, strengthening and four-laning
of Chenani to Nashri Section from Km 89.00 to Km 130.00 (new alignment)
including a 9 km long tunnel (2 lane) with parallel escape tunnel, on BOT basis,
on DBFO pattern, in Jammu & Kashmir. The project is on annuity basis with
concession period of 20 years including a construction period of 1825 days. The
company is likely to receive a semi-annual annuity of Rs 317.52 crore for the
project.
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