Hyderabad:The National Highways Logistics Management Ltd (NHLML), a subsidiary of the National Highways Authority of India (NHAI), has awarded the Rs 815-Cr Varanasi Urban Ropeway Project to a Hyderabad-based company, Viswa Samudra Engineering and its Switzerland-based technology partner Bartholet Maschinenbau AG, sources said.
The country’s first urban ropeway project is aimed at reducing travel time in the congested stretch between the Cantonment railway station and Godowalia Chowk. The work will start by May 2023 and will be completed by May 2025.
The Swiss company, which specialises in ropeway projects, will provide the technology and equipment. The Hybrid Annuity Mode (HAM) will be used in the project wherein 60 per cent of the cost will be paid as a construction support during the construction period and the remaining 40 per cent will be paid as annuity during the operation and maintenance period.
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