APCO Considers Sale of Z-Morh Tunnel in Jammu and Kashmir to Alpha Alternatives for Approximately $267 Million
APCO Infratech Enters into Talks to Sell Strategic Z-Morh Tunnel
Lucknow-headquartered APCO Infratech is engaged in discussions with Alpha Alternatives to sell the strategic Z-Morh tunnel, a critical infrastructure that provides all-weather connectivity between Gagangir and Sonamarg in the Jammu and Kashmir (J&K) region.
The proposed sale is valued at $267 million, according to two individuals familiar with the development. The Z-Morh tunnel is a significant infrastructure project that has been instrumental in enhancing connectivity in the region, and its sale is expected to have a substantial impact on the local economy.
APCO Infratech's talks with Alpha Alternatives are ongoing, and the details of the proposed sale are yet to be finalized. The success of the negotiations will depend on various factors, including the terms and conditions of the deal.
Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data
Proposed Sale Comparison
| Entity | Proposed Sale Value |
|---|---|
| Z-Morh Tunnel | $267 million |
Note: The proposed sale values are based on the information provided and may be subject to change as negotiations progress.
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