Srinagar Banihal Expressway, a special purpose vehicle promoted by Ramky Infrastructure Ltd. (74%) and Jiangsu Provincial Transportation Engineering Group Company is taking up construction, operation and maintenance of the four Lanning of the Srinagar-Banihal section of National Highway – 1 A from km 187.00 to km 189.350 (Banihal bypass) and km 220.700 to km 286.110 (approximately 67.76 km) on design, build, finance, operate and transfer (annuity) basis under the National Highways Development Project (NHDP Phase II). As of January 2013, work has commenced.