K&R Rail Engineering Bags $500M Cable Car Project in Nepal

Hyderabad: K&R Rail Engineering Limited, a premier EPC Company of Hyderabad listed on the Bombay Stock Exchange, has signed an MoU for execution of the world’s longest Cable Car Project in the country of Nepal with M/s Muktinath Darshan Private Limited, Concessionaire with the Government of Nepal. The project cost is estimated at half a billion US dollars and will connect the Holy Shrine of Muktinath Temple in Gandaki province of Nepal.

Mr 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-kilometre project—the longest proposed Passenger Cable Car Line in the world.

The project will have 20 stations, including nine mandatory boarding and de-boarding, 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.

We look forward to the completion of the project, so that we can hand it over to the relevant authorities. Devotees visiting the Muktinath Temple can reach it easily without having to walk long stretches across this hilly and rugged terrain. Besides, tourists from across the world can also enjoy cable car rides and the wonderful view of the place.