IL&FS Transportation Networks has announced that with reference to its bid with the National Highways Authority of India (NHAI) for four-laning of Chenani-Nashri Section of NH-1A from km 89.00 to 130.00 (new alignment) of NH-1A including 9 km long tunnel (2-lane) with parallel escape tunnel in the State of Jammu & Kashmir, the company has emerged as the lowest bidder for the aforesaid project. The bids were opened on April 1, 2010. The project is on annuity basis with concession period of 20 years including a construction period of 1825 days with an estimated cost of Rs 2519 crore. The company has quoted a semi-annual annuity of Rs 317.52 crore for the project.
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