Adani to build 48 billion Kedarnath ropeway under PPP model
ROADS & HIGHWAYS

Adani to build 48 billion Kedarnath ropeway under PPP model

The upcoming Sonprayag–Gaurikund–Kedarnath ropeway is expected to become a key revenue source for the government, with no upfront investment required. Adani Enterprises, the lowest bidder for the 48 billion project, has proposed to share nearly 42 per cent of fare collections with the Centre.

The 13-km ropeway, which will cut travel time to Kedarnath from over 8 hours to just 36 minutes, is expected to see heavy footfall due to the area's religious significance.

Out of four bidders, three proposed revenue-sharing models with the National Highway Logistics Management Ltd (NHLML), the nodal agency under the Ministry of Road Transport and Highways.

The Union Cabinet recently cleared the Rs 40.81 billion ropeway under a public-private partnership (PPP) structure. The project will be developed by the private player, while the government will benefit from a fixed share of the fare revenue once operations begin.

The upcoming Sonprayag–Gaurikund–Kedarnath ropeway is expected to become a key revenue source for the government, with no upfront investment required. Adani Enterprises, the lowest bidder for the 48 billion project, has proposed to share nearly 42 per cent of fare collections with the Centre. The 13-km ropeway, which will cut travel time to Kedarnath from over 8 hours to just 36 minutes, is expected to see heavy footfall due to the area's religious significance. Out of four bidders, three proposed revenue-sharing models with the National Highway Logistics Management Ltd (NHLML), the nodal agency under the Ministry of Road Transport and Highways. The Union Cabinet recently cleared the Rs 40.81 billion ropeway under a public-private partnership (PPP) structure. The project will be developed by the private player, while the government will benefit from a fixed share of the fare revenue once operations begin.

Next Story
Infrastructure Transport

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

Next Story
Resources

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Next Story
Real Estate

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?