Financial News

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

Products You May Like

“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 topic of coordination, analysis, requirements and coverage issues in respect of ropeways and different revolutionary/different mobility options has been entrusted to the ministry of highway transport and highways and to say that this topic will probably be dealt by the NHIDCL cell of the ministry with instant impact,” MoRTH stated in a notification on Thursday.

State-owned Nationwide Highways & Infrastructure Improvement Company (NHIDCL) has been entrusted with the job of co-ordination, analysis, requirements and coverage issues in respect of ropeways and different mobility options.

“The topic of coordination, analysis, requirements and coverage issues in respect of ropeways and different revolutionary/different mobility options has been entrusted to the ministry of highway transport and highways and to say that this topic will probably be dealt by the NHIDCL cell of the ministry with instant impact,” MoRTH stated in a notification on Thursday.

Associated Information

NHIDCL, an organization fully-owned by the MoRTH, had constructed 628 km highways and recorded a Rs 87.61-crore web revenue in 2019-20.

Amending the Authorities of India (Allocation of Enterprise) Guidelines, 1961, the federal government had earlier this yr entrusted MoRTH with the job of taking care of the event of ropeways and different mobility options.

The transfer was aimed toward giving a lift to the sector, by organising a regulatory regime, and facilitating analysis and new know-how to come back into this sector.
Reacting to the event, Gadkari had stated the transfer “will go a great distance in creating sustainable different mobility options in transport sector for city, hilly and final mile connectivity”.

Get reside Stock Prices from BSE, NSE, US Market and newest NAV, portfolio of Mutual Funds, Take a look at newest 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 observe us on Twitter.

Monetary Specific is now on Telegram. Click here to join our channel and keep up to date with the most recent Biz information and updates.

Products You May Like