SP Jammu Udhampur developed the highway project under concession from the National Highways Authority of India (NHAI) on a Build-Operate-Transfer (Annuity) basis. The project receives fixed, semi-annual payments from NHAI, providing steady and predictable cash flows.
This four-laned 64.5 km highway provides an essential link between Jammu and Srinagar, enabling seamless movement of traffic and goods, with enhanced inter-region connectivity and a significant reduction of travel time between the two cities. The highway includes a 1.4 km twin-tube tunnel stretch.
NIIF Master Fund has also acquired the Navayuga Quazigund Expressway, another road asset in J&K. The fund’s roads portfolio includes the 6-laned Devanahalli Tollway in Bengaluru and the 4-laned Dichpally Tollway in Telangana.