New Delhi, April 25 -- Lucknow-headquartered APCO Infratech is in talks with Alpha Alternatives to sell the strategic Z-Morh tunnel that provides all-weather connectivity between Gagangir and Sonamarg in Jammu and Kashmir (J&K) for $267 million, according to two people aware of the development.

The 6.5-km- tunnel, which ensures uninterrupted military logistics and year-round civilian access to Ladakh by bypassing an avalanche-prone stretch, was built at Rs.2,400 crore and inaugurated in 2025. Awarded by the National Highways & Infrastructure Development Corp Ltd (NHIDCL), the project has a 15-year concession, with investments to be recovered through biannual annuity payments of Rs.295 crore.

The deal will see Alpha Alternatives acquire ...