₹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.