The Infrastructure Leasing & Financial Services (IL&FS) wins the re-tender process of the Zoji La Pass tunnel project that connects Srinagar and Leh in India. IL&FS has bested two other bidders of the project - Larsen & Toubro, Reliance Infrastructure and Jaiprakash Ventures.
The company's bid of Rs4,849 crore (US$685.98 m) stunned industry executives as it is lower than the reserve price of Rs 5,630 (US$796.47 m) set by the government.
Country updates
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July 12, 2017
GMR Airports concludes fund raising for Mopa Airport Project
GMR Goa International Airports Limited (GGIAL), a subsidiary of GMR Airports Limited, has executed debt facility agreement for the development of Greenfield airport at Mopa (India).
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July 10, 2017
IRB Infrastructure reaches financial close on Udaipur to Gujarat toll road
IRB Infrastructure Developers has announced it has achieved financial closure for the Udaipur – Gujarat Border 6 Laning BOT project.
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July 10, 2017
Three consortia have qualified to proceed in the bidding process to build the project
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July 04, 2017
India approves New Delhi airport PPP
The Government of India has granted in-principle approval for a US$3 billion airport PPP south of New Delhi in view of the rapidly growing flying requirements of the National Capital Region (NCR)...
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May 04, 2017
The Ministry of Environment, Forest and Climate Change’s expert appraisal committee has recommended the project be approved for environmental clearance
