Funding has been found to finance India’s infrastructure investment into National Highway 1 in Jammu & Kashmir. A deal by ICICI Bank and Srinagar Sonmarg Tunnelway is providing the necessary loans for the Srinagar-Sonamarg-Gumri road and tunnel link. The project involves building a 6km road and 6.5km tunnel and the concession deal also involves maintenance and operation of the link. Srinagar Sonmarg Tunnelway, is a 49:51 joint venture combined of
Financial footing for Indian tunnel/highway project
Funding has been found to finance India’s infrastructure investment into National Highway 1 in Jammu & Kashmir. A deal by ICICI Bank and Srinagar Sonmarg Tunnelway is providing the necessary loans for the Srinagar-Sonamarg-Gumri road and tunnel link. The project involves building a 6km road and 6.5km tunnel and the concession deal also involves maintenance and operation of the link. Srinagar Sonmarg Tunnelway, is a 49:51 joint venture combined of IL&FS Transportation Networks and Soma Enterprises.
Road Structures / September 8, 2014
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