NDB urged to sanction funds for ropeway project

March 25, 2023

The government has urged New Development Bank (NDB) to expedite the sanctioning of multilateral funding for Shimla Innovative Urban Transport Ropeway Project.
The government assured the delegation full cooperation and support for the execution of the ropeway project.
The Rs 1546.40-crore Shimla Ropeway Project will have a network of 14.13 km, with 15 stations.
This urban ropeway project will be the second of its kind in the world and the first in India, which will go a long way in the decongestion of the city.
Ropeway and Rapid Transport System Development Corporation (RTDC) has made substantial progress in the preparation for DPR of this project. The DPR is likely to be completed by June 30.