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SL’s first cable car project to reach completion in just 18 months: SLTDA
Sri Lanka’s first cable car project is gearing up to kick off soon and will reach completion within 18 months from the date of receiving all approvals, the Sri Lanka Tourism Development Authority (SLTDA) said.
‘The Cable Car Project’, which is an initiative of Outdoor Engineering Lanka Pvt. Ltd and facilitated by the SLTDA will allow Sri Lanka to offer cable car experiences for the first time.
An MoU was signed between Outdoor Engineering Lanka and SLTDA on 9 December.
The cable car line, which will span a distance of nearly 4 Km, will connect Nanu Oya and Nuwara Eliya town.
The SLTDA shared that the investment value of the project currently stands at Euro 55 million (US $ 62.15 million) and will be implemented as a “build, own, operate, and transfer” model.
In a statement to the media the SLTDA confirmed that according to the agreement of the project, the total capital investment will be transferred to the government after a period of 30 years.
The proposal was submitted by Outdoor Engineering Lanka (Pvt.) Ltd. and its foreign partner Doppelmayr Cable Car, an entity based in Austria, back in 2019 for approval.
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