Goa Tourism Development Corporation Ltd. (GTDC) has said that the work on Panaji and Reis Magos ropeway project will begin in October 2017 and will take 24 months to complete. The project in phase-1 is between Panaji and Reis Magos, while the subsequent phases of the project will stretch to Aguada fort, where the Government is currently undertaking development activities including renovation of Aguada Central Jail and Light house for attracting tourists. Royal Rides Pvt. Ltd. (Royal Rides), Special Purpose Vehicle incorporated by Menus Adventures Pvt. Ltd., is the concessionaire for development, operations and maintenance of the Goa ropeway project.