17 Dec 2019
L&T awarded ‘significant’ contract for Rishikesh – Karanprayag Tunnel 2 works
The heavy civil infrastructure business of L&T Construction has secured an order from Rail Vikas Nigam (RVNL) for the construction of Rishikesh – Karanprayag Tunnel 2 package works which comprise tunnels, bridges and formation work in the state of Uttarakhand. The contract falls in the significant category and has an estimated value of Rs 10 to 20 billion.
The project consists of the main tunnel with a parallel escape tunnel and ballast-less track that runs inside the main tunnel.
This is a fast track project to be completed within stringent timelines.
The classification of projects is: Significant (Rs 10-20 billion). Large (25-50 billion), Major (50-70 billion) and Mega (> Rs 70 billion)