+
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

Paras Railtech Wins Rs 1.22 Billion Mumbai Metro Contract

Paras Railtech Private Limited has received the Letter of Acceptance (LoA) for the second ballastless track contract, Package CA-273, of Mumbai Metro Line 2B (Yellow Line). The 23.6-km corridor runs between Andheri West and Mandale.The Mumbai Metropolitan Region Development Authority (MMRDA) had floated the tender in March 2025 with an estimated value of Rs 1.22 billion. Technical bids were opened on 22 April, with three firms submitting offers. Following technical evaluation on 14 May, two bids were rejected during the financial assessment. Paras Railtech was declared the lowest bidder and on..

Next Story
Infrastructure Urban

Agartala Smart City Projects Worth Rs 8.44 Billion Progressing

Agartala Smart City Limited is currently executing projects worth over Rs 8.44 billion and has set a target to complete storm water drain and road works before Durga Puja this year.According to Chief Executive Officer Dr Shailesh, the organisation has taken up 65 projects, all of which have been completed. Among the major works, the city addressed long-standing problems of waterlogging and flooding. To resolve this, 24 projects worth Rs 646 million were implemented, which included the installation of six new flood pumps. Storm water drains were also redesigned to ensure easier cleaning.For mai..

Next Story
Infrastructure Urban

BNT Marine Gets Nod For First Marine EOU Under MEPZ

The 8th Unit Approval Committee of the Madras Export Processing Zone (MEPZ) SEZ has approved BNT Marine Crafts (India) to convert its Domestic Tariff Area unit in Abishegakuppam, Puducherry, into a 100 per cent export oriented unit (EOU).This marks the first marine sector EOU under MEPZ’s jurisdiction. The company will manufacture semi-submarines, tourist vessels, commercial vessels and premium vessels for international markets. With an investment of Rs 22.5 million, the unit aims to generate net foreign exchange earnings of Rs 320 million over the next five years. It is also expected to cre..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?