New Delhi, Aug 19 (IANS): Hindustan Construction Company and Dilip Buildcon Limited's joint venture has been awarded a Rs 1,335 crore contract by Rail Vikas Nigam.

Accordingly, the contract is for construction of tunnels, bridges and formation works under package-9 of the new broad gauge rail line between Rishikesh and Karanprayag in Uttarakhand.

HCC in a statement on Wednesday said its share in the JV is 60 per cent (Rs 801 crore).

"This is an item rate contract for construction of 8.04 km long rail line involving 6.4 km main tunnel and 6.3 km escape tunnel, 2 major bridges and one minor bridge, 2.2 km long yard and a station at Karanprayag," the statement said.

"The work is to be completed in 50 months."

According to the statement, the contract comprises of 17 tunnels, 16 major railway bridges and 12 new stations.

"The rail line will connect the new trade centres and will pass through many famous places connecting Devprayag, Srinagar, Gauchar, Karanprayag, Dehradun, Tehri Garhwal, Pauri Garhwal, Rudraprayag and Chamoli," the statement said.

At present, HCC serves the infrastructure sectors of transportation, power and water.