Ropeways and alternative mobility solutions to be considered for urban, hilly and last mile connectivity; NHIDCL takes charge

By: |
June 25, 2021 6:00 AM

NHIDCL, a company fully-owned by the MoRTH, had constructed 628 km highways and recorded a Rs 87.61-crore net profit in 2019-20.

“The subject of coordination, research, standards and policy matters in respect of ropeways and other innovative/alternative mobility solutions has been entrusted to the ministry of road transport and highways and to say that this subject will be dealt by the NHIDCL cell of the ministry with immediate effect,” MoRTH said in a notification on Thursday.“The subject of coordination, research, standards and policy matters in respect of ropeways and other innovative/alternative mobility solutions has been entrusted to the ministry of road transport and highways and to say that this subject will be dealt by the NHIDCL cell of the ministry with immediate effect,” MoRTH said in a notification on Thursday.

State-owned National Highways & Infrastructure Development Corporation (NHIDCL) has been entrusted with the job of co-ordination, research, standards and policy matters in respect of ropeways and other mobility solutions.

“The subject of coordination, research, standards and policy matters in respect of ropeways and other innovative/alternative mobility solutions has been entrusted to the ministry of road transport and highways and to say that this subject will be dealt by the NHIDCL cell of the ministry with immediate effect,” MoRTH said in a notification on Thursday.

NHIDCL, a company fully-owned by the MoRTH, had constructed 628 km highways and recorded a Rs 87.61-crore net profit in 2019-20.

Amending the Government of India (Allocation of Business) Rules, 1961, the government had earlier this year entrusted MoRTH with the job of looking after the development of ropeways and alternative mobility solutions.

The move was aimed at giving a boost to the sector, by setting up a regulatory regime, and facilitating research and new technology to come into this sector.
Reacting to the development, Gadkari had said the move “will go a long way in developing sustainable alternative mobility solutions in transport sector for urban, hilly and last mile connectivity”.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Meerut-Prayagraj Ganga Expressway: Yogi govt to seek Rs 4,480 crore loan
2Despite Covid crisis, India records highest-ever construction speed of National Highways; details
3Fall in toll receipts: NHAI may pay Rs 500 crore to BOT developers as compensation