K&R Rail signs USD 500 mn MoU with Nepal co. for cable car project to Muktinath Temple

<p>The project cost is estimated at USD 500 million. </p>
The project cost is estimated at USD 500 million.

New Delhi: K&R Rail Engineering Limited, an EPC Company of Hyderabad, has signed an MoU for the execution of the world’s longest Cable Car Project in Nepal with Muktinath Darshan Private Limited, Concessionaire with the Government of Nepal.

The project cost is estimated at USD 500 million. It will connect the Holy Shrine of Muktinath Temple in Gandaki province of Nepal. K&R Rail Engineering Ltd. is a leading Railways EPCC conglomerate in India. It has executed major bridges, earthwork and complex Projects to prestigious clients on turnkey basis.

Kalra, President of K&R Rail Engineering Limited, said, “The Nepal government has accorded all necessary approvals for the project and K&R Rail Engineering Limited will be executing the 84.32-km project—the longest proposed Passenger Cable Car Line in the world.”

“The project will have 20 stations, including nine mandatory boarding and deboarding, eight optional and three technical stations. This project will facilitate hundreds of thousands of devotees who trek through elements to an altitude of 3,700 metres every year to reach the spectacular Temple of Muktinath which offers salvation to those who seek it” he added.

  • Published On Oct 7, 2023 at 01:09 PM IST

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