Abu Dhabi City Municipality (ADM) has said that the project to install a cable car at Al Maqtaa and develop Al Bahya Corniche is still under study and is yet to be awarded, according to a Wam news agency report.

The Department of Municipal Affairs and Transport of ADM indicated that the cable car (Teleferic) project is part of a portfolio of proposed projects and future investment opportunities in Abu Dhabi, the report said.

It forms part of the futuristic vision of the capital city and suburban areas comprising modern structures as well as multiple recreational, residential and service facilities. When the project enters the final approval stage, it will be announced officially in the media, it said.

The overall development, estimated to cost about Dh650 million ($176.97 million), will span an area of 160,000 sq m with a total floor area of about 74,000 sq m. The project aims to transform Al Bahya Corniche into a premier entertainment destination for residents of the mainland.

The estimated cost of the Al Maqtaa Cable Car Project is Dh350 million ($95.29 million).