MegaprojectsTransport

India to develop over 200 Ropeway Projects worth 1.25 lakh crore under Parvatmala Pariyojana in the next 5 years

Parvatmala Pariyojana: The government will build 200 ropeway projects worth Rs 1.25 lakh crore In five years.

Union Road Transport and Highways Minister Nitin Gadkari said the National Ropeway Development Program (parvatmala Project) is set to launch more than 200 projects in the next five years with a total cost of Rs 1.25 lakh crore.

Main Focus: Economic Viability and Public-Private Partnership

Gadkari stressed on making the ropeway economically viable and reducing the overall project cost. To promote the establishment of strong ropeway networks across the country, he called for encouraging Public-Private Partnership (PPP). The Minister also discussed the potential of the ropeway to promote tourism in hilly areas and as a suitable mode of urban public transport.

National solution for economic growth

Gadkari stressed the need to create indigenous and cost-effective solutions. He believed that the ropeway has immense potential to have a positive impact on the tourism and employment of the country.

India’s future economic growth 

The minister said the initiative is in line with India’s economic goals, saying the country is on its way to becoming a $5 trillion economy as per Prime Minister Narendra Modi’s plans. Gadkari stressed on the need to focus on timely, cost-efficient, qualitative and sustainable infrastructure development to improve the overall quality of life of the citizens.

Gadkari said there is a need for standardization of rules and codes to transform the ropeway industry. Under the ‘Make in India’ campaign, he tried to promote ropeway construction.

Parvatmala Pariyojana

Annual Hybrid Mode for Ropeway

The Union Minister informed that 60% construction assistance is given under Hybrid Annuity Mode (HACM for ropeways), while 40% assistance is given under National Highways. The objective of this strategic move is to attract more private players for the development of ropeway under the ranges project.

The investment is supported by government officials and industry leaders

Speaking at the seminar, Anurag Jain, Secretary, Ministry of Road Transport and Highways, pointed out the direct relationship between improved quality of life of citizens and development of infrastructure. Investors were motivated to take advantage of the opportunity to invest in India, given the country’s status as one of the fastest growing economies in the world.

NHAI Chairman Santosh Kumar Yadav gave insights into the development of key projects through Bharatmala Pariyojana and highlighted its positive impact on the Indian economy.

Industry Collaboration and Awards

The “Symposium-cum-Exhibition” created a platform to work between Indian and foreign manufacturers, technology providers, concessionaires and infrastructure developers. The program aimed to localize ropeway equipment and encourage ‘Make in India’.

Two ropeway projects were honored during the event: Bijli Mahadev Ropeway Project (Himachal Pradesh) and Dhosi Hill Ropeway Project (Haryana). HLML and IIT Roorkee have also signed an MoU to create a Center of Excellence for Ropeway and other innovative alternative mobility systems.

Towards a sustainable, safe and cost-effective future

The seminar concluded on developing roadside facilities for better public convenience. The exhibition showcased the latest ropeway technologies from both Indian and foreign manufacturers to highlight the important role of ropeways in the development of India’s economy under the National Ropeway Development Programme. The day-long event featured critical analysis, highlighted areas for policy making and emphasized the vital role of ropeways in enabling safe, cost-effective and sustainable transportation in India.

Anil Agarwal

Anil Agarwal is a Senior Content Writer at infrainfohub.com. With a passion for Infrastructure, he enjoys crafting engaging and informative content in this field. Anil's expertise lies in writing articles, reviews, and features that captivate readers and keep them informed about the latest trends and news in the Infrastructure sector. His dedication to delivering high-quality content makes her a valuable asset to the team at infrainfohub.com.

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