The Punjab Cabinet led by Chief Minister Captain Amarinder Singh has given approval for setting up a Ropeway between Sri Anandpur Sahib and Naina Devi Ji in Public-Private Partnership (PPP) mode to further promote tourism in the state.

The two shrines were located quite far from each other, with hilly terrain compounding the problems of the devotees, the cabinet noted. The Punjab Government, with the consent of Himachal Pradesh, had thus decided to set up the Ropeway project to ease the travel of visitors, said the spokesperson.

It is proposed to carry out this project in PPP mode by setting up a Special Purpose Vehicle. The total paid-up equity of SPV will be Rs.1 crore, with Rs. 50 lakhs each as share of the two states. As per the MoU, both states will have equal share in the revenue, with concession period of 40 years. In the initial 7 years, no concession fee would be paid by the concessionaire and a time period of 3 years would be given to set up this project, said the spokesperson.