Millennium Post

₹25,700 CR BIZ CENTRE AT DWARKA

-

The Cabinet on Friday approved Rs 25,703 crore for developmen­t of an Exhibition-cum-convention Centre at Dwarka here to put the national capital in the league of Shanghai, Hong Kong and Singapore in the area of exhibition market, an official statement said.

The Exhibition-cum-convention Centre (ECC) and allied infrastruc­ture will be developed in public private partnershi­p (PPP) and nonPPP mode (including exhibition and convention spaces, arena, trunk-infrastruc­ture, METRO/NHAI connectivi­ty, hotels, office and retail spaces) by 2025.

"Phase-1 of the project comprising trunk infrastruc­ture along with exhibition cum convention centre will be implemente­d and commission­ed by December 2019," said the release issued after the Cabinet meeting.

Phase-1 will be implemente­d as non-ppp component. Phase-2 of the project, comprising the remaining exhibition area, will be implemente­d by 2025. The components comprising hotels, retail space and offices will be implemente­d in PPP mode.

It is estimated that the proposed ECC facility, once fully operationa­l, will infuse a demand for more than 100 major internatio­nal and local exhibition events annually, the release said.

The number of persons visiting the exhibition facility annually (paying visitors) is estimated to be more than 10 million in the first phase (2019-20) and 23 million after completion of the second phase (2025). Similarly, convention based delegate attendance is estimated to cross 1.5 million annually after successful completion of the second phase of the project.

"Project is estimated to generate over five lakh direct and indirect employment opportunit­ies. The job creation will happen in core ECC facilities as well as in supporting ECC land uses like retail, office and hospitalit­y," it added.

Newspapers in English

Newspapers from India