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Uttarakhand, NHLML Sign ₹6,800-Crore Deal to Build Kedarnath and Hemkund Sahib Ropeways

The MoU under the Parvatmala scheme fixes a 51:49 equity split, directing nearly 90% of future revenue to tourism, transport, mobility in the state.

Overview

  • An agreement was signed in Dehradun between the Uttarakhand government and National Highways Logistics Management Limited, an NHAI-linked special purpose vehicle.
  • The projects comprise a 12.9 km SonprayagKedarnath ropeway estimated at about ₹4,100 crore and a 12.4 km GovindghatHemkund Sahib link pegged near ₹2,700 crore.
  • Under the structure, NHLML will hold 51% equity while the state contributes 49% of the project cost.
  • According to the MoU, almost 90% of revenue will be allocated to tourism, transport and mobility in Uttarakhand, with the balance dedicated to state interests after commissioning.
  • The signing, attended by CM Pushkar Singh Dhami, Union MoS Ajay Tamta and state minister Satpal Maharaj, moves the projects from approval toward procurement as officials highlight easier pilgrim access and economic gains.