<h1>Central government SPV and state tourism department sign Rs 6,800 crore ropeway development agreement to boost connectivity and tourism</h1> A central-government special purpose vehicle under the road transport and highways ministry has executed a formal development agreement with the state tourism department to deliver two ropeway infrastructure projects valued at Rs 6,800 crore (12.9 km at Rs 4,100 crore and 12.4 km at Rs 2,700 crore). The contract, concluded in the presence of senior state and union officials, commits the parties to project delivery aimed at expanding connectivity and tourism. Key legal considerations include compliance with statutory approvals, land acquisition and rights-of-way, procurement and financing terms, environmental clearances, and allocation of construction, operation and liability risks between the parties.