Dehradun, Sept. 2 -- The Uttarakhand government on Tuesday signed an agreement with National Highway Logistics Management Limited (NHLML) for the development of ropeways to Kedarnath and Hemkund Sahib under the Centre's Parvatmala project.

The signing took place at the Secretariat in the presence of Chief Minister Pushkar Singh Dhami, according to a release from CMO.

According to the agreement, NHLML will hold a 51 per cent stake, and the state government will have a 49 per cent equity participation. Of the revenue share, 90 per cent of the amount will be spent on tourism, transport and mobility projects in the state.

Union Minister of State for Road Transport and Highways Ajay Tamta and Uttarakhand Tourism Minister Satpal Maharaj were...