IL&FS Transportation Networks (ITNL) has been issued Provisional Completion Certificate (PCC) for Chenani to Nashri Section project on 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 Rs 635 crore annually for a period of 15 years which shall be paid in a semi-annual installment of Rs 317.52 crore.
Earlier on May 3, 2010, the company had been awarded the project for 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 by the National Highways Authority of India (NHAI).
IL&FS Transportation Networks is an India-based surface transportation infrastructure company. The company is a developer, operator and facilitator of surface transportation infrastructure projects, taking projects from conceptualization through commissioning to operations and maintenance under public to private partnership on build-operate-transfer (BOT) basis.