IRB Infrastructure Owner Virendra Mhaiskar has sacked a Rs 10,050-crore request to build the Zozila pass burrow in Jammu and Kashmir.

The organization has gotten a Letter of Award from Ministry of Road Transport and Highways for the development, operation and upkeep of the longest passage in South-East Asia, Zozila pass Tunnel in Jammu and Kashmir, an announcement issued here said.

Responding to the news, shares of the organization were exchanging at RS 260, up 6.19 for each penny around 1030 hrs on BSE.

“It is the greatest national parkway extend granted in India as far as venture cost with a passage length spreading over 14.08 km and costing of Rs 10,050 crore,” IRB Infrastructure’s Owner Chairman and Managing Director Virendra Mhaiskar said.

The extent of the venture incorporates developing methodologies on NH-1 (Srinagar Sonmarg Gumri Road) on configuration, fabricate, fund, work and exchange (annuity) premise.

“This venture has a key and financial significance as it will give truly necessary all climate availability amongst J&K and Leh Ladakh, which stays slice off amid winter because of substantial snowfall and thus accept national significance,” he said.

The venture likewise includes development of passage crossing length of 14.08 km and approach street of 10.8 Km with three vertical ventilation shafts, snow display of 700 meters and torrential slide security measures.

The development of the passage is booked to be finished in seven years and the concession time frame is 22 years.

He additionally said IRB Infra will get semi-yearly annuity of Rs 981 crore from the administration, which will begin after culmination of development of the venture, twice in a year till the finish of the concession time frame.

With this request, IRB grows its base to the ninth state.

The organization’s request book now remains at Rs 16,430 crore.

IRB Infrastructure Owner