Concession Agreement Singed For Development Of Z-Morh Burrow In J&K
A Concession Agreement was signed today for finishing the 6.5 km long Z-Morh burrow in J&K within the sight of Union Minister for Road Transport and Highways and MSMEs Shri Nitin Gadkari. MoS Road Transport and Highways Gen (Retd) Dr V K Singh, Secretary Road Transport and Highways Shri Sanjiv Ranjan, and other senior officials from the Ministry and NHIDCL were available on the event.
The undertaking incorporates development, activity and support of the passage with approaches on NH-1 at Srinagar-Sonmarg-Gumri Road from 61 km to 89.30 km on Design, Build, Finance, Operate and Transfer (DBFOT) Annuity premise.
The 2-path bi-directional passage with equal departure passage will be finished in 3.5 years at an expense of Rs 2378.76 Crore. The concessionaire has been granted DLP Period/Operation and Maintenance Period of 15 years from the Completion Date. The prior agreement is being abandoned regarding Ministry 'Rules Principles for Resolution of Stuck National Highway Projects' dated 09.03.2019.
Offers for the venture were re-welcomed on 24.06.2019 with a TPC of Rs. 2378.76 Cr on BOT (Annuity) premise. Four offers were gotten, and were opened on 29.08.2019. Subsequent to accepting fundamental authoritative endorsement and money related approval, the task grant was authorized by the Ministry on 17.12.2019. The LoA for the undertaking was in this way gave on 19.12.2019 to the M/s APCO Infrastructure Pvt. Ltd.