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Central Government/Public Sector | Uttar Pradesh - India | PID: 200792
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The National Highways Logistics Management Ltd (NHLML), a subsidiary of the NHAI, has commenced construction on the Varanasi ropeway project worth Rs 645 crore, which is expected to be completed in the next 18 months. The contract for the project was awarded to Indian firm Vishwa Samudra Engineering and its technology partner, Bartholet Maschinenbau AG of Switzerland. The contract includes operation and maintenance of the project for 15 years, enabling travellers to conveniently reach Kashi Vishwanath Temple and Dashashwamedh Ghat from Varanasi Cantt railway station. The foundation for the project was laid by the Prime Minister in March of this year. The 3.8-km ropeway link will connect Varanasi's Cantonment Railway Station and Godowlia Chowk to decongest road traffic and provide last-mile connectivity to commuters in the city. The journey through one of the most congested stretches in the city currently takes about 60 minutes during peak hours, which will be reduced to about 17 minutes after the ropeway's completion, easing the pressure on the existing transport infrastructure. The ropeway will be developed on the Hybrid Annuity Model (HAM), wherein 60% of the project cost will be paid as construction support during the construction period, and the remaining 40% will be paid as an annuity during the operation and maintenance period
| Updated on: 11 - May - 2023
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