Development

NHAI awards Rs. 939 crore project for construction of ring road around Srinagar

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Srinagar: The Jammu and Kashmir Government has informed that the National Highways Authority of India has awarded a Rs 939 crore project for construction of proposed Srinagar Ring Road to Ramky Infrastructure.

“The NHAI has issued letter of award for construction of of the proposed Srinagar Ring Road/ Bypass from Galander to Crossing of Sumbal Road on the Jammu-Srinagar highway (NH-IA),” Ministry of Road Transport and Highways said in a statement.

The statement further said the 42.10 km project with a cost of Rs 939.41 crore would be implemented on engineering, procurement and construction (EPC) mode and the construction period is 36 months.

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