Deals21 Feb 2024, 02:01 am
GR Infraprojects Ltd Executes Concession Agreement for Katra Ropeway Project
AI Summary
GR Infraprojects Ltd, a wholly owned subsidiary of GR Tarakote Sanjichhat Ropeway Private Limited, has executed a concession agreement with Shri Mata Vaishno Devi Shrine Board, Katra (J&K) for the development of a passenger ropeway between Tarakote and Sanjichhat, on a build-own-operate-transfer (BOOT) basis for 33 years, including a 3-year construction period.,
Key Highlights
- GR Infraprojects Ltd executes concession agreement for Katra ropeway project
- Project to be developed on BOOT basis for 33 years
- Estimated project cost: INR 200 crore
- Project completion period: 3 years
- Operation and maintenance for 30 years