INSUBCONTINENT EXCLUSIVE:
NEW DELHI: The government would ensure that all national highway projects being executed by the beleaguered Infrastructure Leasing and
will be stuck and we will be playing the role of a facilitator, wherever possible
It could lead to a pre-2014 situation when around 400 important highway projects got stuck because the government of that time was not
projects, the minister refused to comment
only Rs 425 crore to the embattled ILFS group and the Mumbai-based infrastructure lender and developer has raised claims for about Rs 4,000
crore: The claims are under arbitration.
ILFS and its various associate companies and subsidiaries are undertaking several national highway
projects worth at least Rs 15,000 crore
estimated cost of Rs 6,808 crore, including the land cost
Zojila pass is situated at an altitude of 11,578 feet.
There has been no progress on the Zojila pass tunnel that was awarded to ILFS earlier
this year.
According to a senior government official, the work on the ZMorh tunnel, another important project in JK connecting Sonamarg with
Srinagar being undertaken by an ILFS group company, has come to a halt in the last few months because of a funds crunch.
