Zojila pass, situated at an altitude of 11,578 feet on Srinagar-Kargil-Leh National Highway, remains closed during winters due to heavy snowfall and avalanches, cutting the Leh-Ladakh region from Kashmir.
"IRB Infrastructure Developers Ltd, one of the largest BOT road developers in India, has received a Letter of Award from Ministry of Road Transport and Highways (MORT&H) for the construction, operation and maintenance of the longest tunnel in Southeast Asia, Zojila Pass Tunnel, in Jammu and Kashmir," the company said in a statement.
It will include approaches on NH-1 (Srinagar-Sonmarg-Gumri Road) in Jammu and Kashmir on design, build, finance, operate and transfer (annuity) basis, the statement said.
The project has a strategic and socio-economic importance as it will provide much needed all weather connectivity between Jammu & Kashmir and Leh-Ladakh, which remains cut off during winter due to heavy snowfall, it said.
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The order also involves construction of tunnel spanning length of 14.08 km and approach road of 10.8 km with three vertical ventilation shafts, snow gallery of 700 meters and avalanche protection measures.
"The concession period for the project is 22 years. IRB Infra will receive semi-annual annuity of Rs 981 crore from commencing after completion of construction of the project which would be received twice in a year till the end of the concession period," he said.
By bagging this contract, IRB expands its base to the ninth state in the country and the company order book size swells to Rs 16,430 crore.
The package included Rs 42,611 crore for development of roads and highways in the state. The highways packaged included "construction of Zojila tunnel" as per the PMO.
Last year, Road Transport and Highways Minister Nitin Gadkari had told PTI: "We are committed to all-round development of Jammu and Kashmir. We will begin work soon on Rs 10,000-crore Zojila pass tunnel, which would be even bigger than the 9-km long Chenani-Nashri tunnel in the state, which is India's longest road tunnel at present.