Bidders have shown reluctance to execute the ambitious South East Asia’s longest Zojila tunnel project, connecting Kashmir with the strategic Ladakh region, owing to “uncertainty” in the Valley and “very hostile weather conditions”. This is in spite of change in the mode of execution from the Design-Build-Finance-Operate-Transfer (DBFOT) (Annuity) basis to Engineering, Procurement and Construction (EPC) basis. Under the new EPC model, the government is fully funding the project. “Uncertainty hangs over the execution of the project as bidders have shown strong reluctance to the project due to large-scale tension…
Read MoreUncertainty, Harsh weather cast shadow on Zojila tunnel project
