Delhi multiplex targets Commonwealth Games

New Delhi Municipal Council has joined other government authorities to create additional infrastructure facilities for the 2010 Commonwealth Games.

NDMC is developing a state-of-the-art multiplex and shopping mall specially for the Games. The project, which NDMC claims has a unique theme and design, will be set up at Yashwant Place Community Centre in Chanakyapuri. The project will be implemented through public-private partnership on design-build-operate-transfer basis.

The multiplex and shopping mall will come up on the old Chanakya Cinema plot at Yashwant Place Community Centre. The site will be visible from the adjoining diplomatic enclave in Chanakyapuri.

"Work on the project will start three to four months from now and will be completed in one-and-a-half years," said Abhaya Agarwal, Senior Vice President (Projects), IL&FS Infrastructure Development Corporation Ltd. "The project will be different from other multiplexes. It will cost Rs 100 crore."

IL&FS-IDC Ltd has been appointed as advisor for structuring and selecting a suitable developer for the project. "We are involved in process management," Agarwal added.

The existing Chanakya Cinema plot, measuring about two acres, will be handed over to a real estate developer to construct the multiplex and shopping mall for a concession period of 30 years. The developer will have to demolish the existing building and cinema complex, and plan, finance, design, construct, operate and market the new complex. At the end of the licence period, all assets created by the developer will revert to the municipal council at no cost.
The council has invited Request for Qualification for this project. The last date for submitting the RfQ is January 14, 2008.

A large number of infrastructure projects are already under way in the National Capital Territory of Delhi . These include sports infrastructure such as games village, indoor stadiums, shooting range, swimming pool, tennis complex and training facilities as well as civic infrastructure like roads, bridges and flyovers, notably a link toad (tunnel) from the games village to Jawaharlal Nehru Stadium, and bypasses at Mahipalpur and Masoodpur to connect the airport.

Source: http://www.projectsmonitor.com