8 Roapway Contracts in PPP Mode to be Awarded in FY22-23

The Finance Minister in her Budget Speech 2022-23 said as a preferred alternative to conventional roads in difficult hilly areas, National Ropeways Development Programme, which is ecologically sustainable, will be taken up on public – private partnership (PPP) mode. The aim of this move is to enhance the convenience and improve connectivity for commuters, apart from giving tourism a boost, according to the FM. The National Ropeways Development Programme may cover congested urban areas as well, where conventional mass transit system is not feasible, the minister stated. Contracts for as many as eight ropeway projects for a length of 60 km will be awarded in the financial year 2022-23, she said.

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