In News
∙ Union minister for road transport and highways announced over 200 Ropeway Projects Worth 1.25 Lakh Crore under Parvat Mala Program.
About Parvatmala Pariyojana
∙ Union Finance Minister, while presenting Union Budget for 2022-23, announced the National Ropeways Development Programme – “Parvatmala” – which will be taken up on PPP mode.
∙ The focus is on PPP under Hybrid Annuity Model with 60% contribution support by Government of India.
∙ It will be a preferred, ecologically sustainable alternative in place of conventional roads in difficult hilly areas.
∙ It is being started for areas such as Himachal Pradesh, Uttarakhand, Jammu-Kashmir and the North-East.
∙ Importance : The idea is to improve connectivity and convenience for commuters, besides promoting tourism.
