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Work Halts on Zojila Tunnel in Kashmir Valley

Infra News - Published on Thu, 16 Jan 2020

Image Source: Zojila Tunnel
Work on the 14km Zojila tunnel, which would link the Kashmir valley with Ladakh in north India at a cost of USD1 billion, has ground to a halt. Problems first occurred for the project in September 2018 when the contractor Infrastructure Leasing and Financial Services defaulted. According to the Financial Times the contractor left behind around US$13 billion in debts.

The India government invited bidding for a new contractor for the project, but this was halted in August 2019. It was expected that bidding would commence at a later date, but this has not occurred and according to reports there is no sign that work on the project will start again soon.

Source :

Posted By : Yogender Pancholi on Thu, 16 Jan 2020
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