MATHERAN ROPE-WAY P.

LTD

401- Charted House, 293/299 Dr. C. H. Street, Marine Lines, Mumbai-

400 004
 Snapshot of Project … … ….
Matheran is one of the most beautiful hill station in the state of Maharashtra.

The distance of Matheran is approx. 100 Km from Mumbai and 120 Km from Pune.

Due to its strategic locations, it has the potential of being preferred holiday destination.

Matheran is eco-sensitive zone and hence no vehicular movement is allowed inside.

MRPL is commissioning Rope-Way to provide alternate mode of Transportation

Rope-Way is pollution free and environmental friendly mode of transportation

This would be one of the longest Rope-Way in India with running span of 4.7 Km
All the requisite approvals of Central Government & State Government are in place
Total Cost of Project is Rs.1800 Million and Payback period is 5 years

The project is entitled for subsidy under LRG scheme promoted by M.O.T.
This is going to be one of the most important tourist attraction
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Matheran – A Natural Beauty

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 Matheran Background … … ….
The uniqueness of Matheran Hill Station lies in the fact that no motorized or animal driven
carriages are allowed within the hill station, making it absolutely free of pollution and thus
making it among the most eco-friendly hill stations in the world

Breath-taking view, thick forest, shaded pathways, natural mud roads and pleasant weather
makes Matheran an attractive destination for tourism
Currently Matheran is visited by 700,000 to 750,000 tourists per annum

Best way to visit Matheran is between May and September

Most tourist arrival is clustered to long-weekends.
Min.Temperature is 15°C and Max.Temperature is 34°C
Matheran has approx. 55 hotels, 200 bungalows and local population. Matheran has
capacity to accommodate up to 10,000 tourists per day.

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Current Modes of Transportation to Matheran

• Rail Journey from Mumbai VT / Dadar

Station to Neral (Base Station) through
Central Railway Line
• Further onward journey from Neral to
Matheran through narrow gauge “Toy
Train” to Matheran
• Total transit time 4 to 5 hours

• Drive from Mumbai up to “Dasturi Point”,

which is 3.50 km from Matheran Main
Market and Major Hotels
• Onwards journey of 3 to 4 km by Foot,
Horse Back or Hand-Pulled Carriage
• Total transit time 3 to 4 hours

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Current Modes of Transportation in Matheran

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Accessibility to Matheran ….. A big Challenge

The access road from

The taxi services from Dasturi is the only
Dasturi point to
Neral to Dasturi point, point available for car
Matheran is dusty,
which is the last point parking which is
uneven and red-soil
to reach hill station neither safe nor
which make travelling
through vehicles, is adequate to handle the
very uncomfortable
unorganized and existing motor traffic
especially for children
inconvenient. vehicle load.
& elders.

The passengers’
carrying capacity of The poor transport
toy-train, which is facilities are affecting
other mode of adversely to the tourist
transport, is very inflow, medical aid,
limited and frequency education needs and
of rail service to movement of people
Matheran is very low for their daily needs.
The Answer is…………. Ropeway
Matheran Rope-Way is the reality now……

Matheran Rope-Way Private Limited is

commissioning Rope-Way to provide alternate
mode of transportation to one of the most
beautiful hill station… Matheran.
The Company has been given permission by
State Government vide Notification published
in Government Gazette on 26th Dec.-2012

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Matheran Rope-Way is the reality now……

The entire Rope-Way section is divided into

two parts. The base station shall be at
Bhutavli.
The first section shall be from Bhutavli to
Garbat Plateau and onward journey shall be
from Garbat Plateau to Madhavji Point,
Matheran.

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Matheran Rope-Way is the reality now……

Garbat
Point

Bhutavli

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Matheran Rope-Way is the reality now……
Rope-Way Milestones…

The Ropeway Project is governed by the Bombay

Ariel Ropeway Act, 1955
The State Govt (PWD department) has already consented to the
proposed through gazette notificated published on 26th Dec.2012

The required approval of Central Govt & Statement Govt are

already in place including Environment & forest Dept.
The requisite land to construct base station, middle station and
upper station has already been purchased

The equipment vendors have been shortlisted pending

for final negotiations
The project has got wide support from Government agencies as
well as local bodies, population and other stakeholders
Rope-Way Milestones – Approvals Received
Maharashtra Tourism Development Corporation;
Maharashtra Jeevan Pradhikaran;
CIDCO;
Maharashtra Industrial Development Corporation;
Matheran Municipal Council;
Superintendent of Materan;
Maharashtra State Electricity Board;
Irrigation Department and;
Energy Department;
Revenue/ Dist. Collector
Home Department
Urban Development Department
Business Potentials of Rope-Way

• In-spite of its close proximity to Mumbai and Pune,

Matheran could not be developed as desired holiday
Increased destination mainly due to poor accessibility The
Tourists average occupancy of hotels in Matheran ranges from
30% to 40% which can easily be increased to 50% to
Inflow 60% once there is an alternative mode of
transportation like Ropeway is available.

• Matheran has always been traditional holiday

destination and family vacation spot. However, being
Corporate closer to Mumbai, Matheran can also provide an
Business attractive spot for holding business conferences and
seminars which have so far been reluctant due to
poor infrastructures.

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Business Potentials of Rope-Way

• Matheran, due to its unique beauty, can be very good

location for shooting movies and serials, however, it
Bollowood is not being explored by the production houses due
to inadequate infrastructure to reach to Matheran.
Business The shooting of movies and TV serials can give
additional business to Rope-Way during lean business
period.

• Matheran is said to have more than 200 bungalows

Other out of which majority are either unused or
occasionally used mainly due to poor accessibility. It
Opportunit is assumed that those Bungalows shall be used more
ies frequently by their owners’ in future after
completion of Rope-Way project.

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Capital Subsidy from MOT

The Project is entitled for capital subsidy under the scheme of Financial Assistance for Large
Revenue Generating Projects being implemented by Ministry of Tourism, Govt of India.

Consider the large investments needed in creating infrastructures which can attract large
number of tourists, the Central Government has announced the scheme of Capital Subsidy
for them.

The subsidy under this scheme has a upper limit of Rs. 50.00 Crores subject to maximum of
25% of total project cost and 50% of equity contribution by promoters.

The Project Cost entitled for subsidy includes capital cost incurred for land, material, labour
and transport, Interest paid during construction, insurance, overhead and all other project
related expenses.
Project Financials in Brief

COST OF PROJECT Rs. In Crores

Land & Development Expenses 10.00

Civil Constructions 22.50

Rope-Way Equipments 124.75

Electrical Installations 2.5
Other Assets 2.00
Pre-Operative & Contingencies 18.25
Total Cost of Project 180.00

MEANS OF FINANCE Rs. In Crores

Own Capital 60.00

Capital Subsidy 30.00

Term Loan 90.00

Total Means of Finance 180.00