Cable Car Earns Record Rs 35.83 Cr In 10 Months

KL Report

SRINAGAR

The Jammu and Kashmir State Cable Car Corporation (JKSCCC) earned a revenue of Rs 35.83 crore till January 2014 from Gandola ride against Rs 31.97 crore earnings during the corresponding period of last financial year.

Corporation had set a target of Rs 33.44 crore for 2013-14 which is now being revised to Rs 36.50 crore, the information revealed to corporation’s Board of Directors meeting suggested.

The meeting was informed that 5.57 lakh tourists enjoyed Gandola ride till January this year and the figure is expected to reach a record 7 lakh by the end of the end od March 2014.

Apart from two phase Gandola project in Gulmarg, the CCC owns a small Makhdoom Sahib Ropeway that it commissioned in December 2013. So far, it has earned a revenue of two lakh rupees in two months.

The corporation has also started implementing Rs 40 crore Jammu Rope Way project from Peerkho to Mahamaya to Shahbad. Its foundation was laid by Chief Minister last week. The project is expected to be completed within 30 months.

CCC has also conducted a detailed survey on a ropeway project in Veerinag. Being considered under BOOT, it would cost Rs 18.50 crore.

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