Archive · 3 Jun 2025
Goa Cancels Ropeway Project from Reis Magos to Panaji
Imagine a plan to build a cable car, like a ski lift, from one place in Goa to another.
The government and a company had an agreement to do this, but things didn't go as planned.
There were questions about whether the project was a good idea and how it would affect the environment.
Also, the company didn't pay what they owed.
So, the government decided to cancel the plan, meaning the cable car won't be built after all.
This happened because of problems with the project's feasibility and money matters.
GTDC terminated the concession agreement with Royal Rides Pvt Ltd.
The ropeway project aimed to connect Reis Magos to Panaji.
GTDC issued a termination notice, withdrawn conditionally, but was reissued due to payment failure.
Concerns were raised about the project's feasibility and environmental impact.
Land was leased in Reis Magos and allotted in Campal for the project.
- Who
- Goa Tourism Development Corporation (GTDC) and Royal Rides Pvt Ltd.
- What
- Termination of the concession agreement for a ropeway project.
- When
- Termination occurred after Royal Rides failed to make payment.
- Where
- Goa, India
- Why
- Due to concerns about feasibility and failure to pay outstanding fees.
- Project Location
- Reis Magos to Panaji, Goa
- Terminating Party
- Goa Tourism Development Corporation (GTDC)
- Company Involved
- Royal Rides Pvt Ltd
- Land Leased in Reis Magos
- 8,000 sqm
- Land Allotted in Campal
- 5,200 sqm