IL&FS Transportation Networks announces tie up of loans aggregating Rs 2363 crore

For Srinagar Sonamarg Gumri road project

IL&FS Transportation Networks announced that the financial tie up of loans aggregating to Rs 2363 crore has been achieved for the development of Srinagar Sonamarg Gumri road section Km 69.000 to Km 81.300 (approximately 6.5 km tunnel and 6 km approaches) of National Highway No 1 in the State of Jammu & Kashmir (the Project) on DBFOT Annuity basis.

The estimated cost of the project is Rs 3289 crore.

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