We are pleased to inform that the construction of the longest Tunnel in the South East Asian Region comprising of four laning of Chenani to Nashri Section of NH-1A including 9 Km long tunnel (2 lane) with parallel Escape Tunnel in the State of Jammu & Kashmir (the "Project") awarded on May 3, 2010 by the National Highways Authority of India ("NHAI") has been completed. The Provisional Completion Certificate has been issued effective March 8, 2017.
The Project is on Annuity basis with a concession period of 20 years including construction period of 1825 days. The Company will be receiving Annuity of ? 635 Crore annually for a period of 15 years which shall be paid in a semi-annual installment of ? 317.52 Crore.