Financial Daily from THE HINDU group of publications
Monday, Oct 17, 2005
Financial Daily from THE HINDU group of publications Monday, Oct 17, 2005 |
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Industry & Economy
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Infrastructure Mumbai soon to have Rs 1,000-cr convention centre Our Bureau
Mumbai , Oct. 16 MUMBAI will soon have its first full-fledged convention centre of international standards. Initial work will commence by the end of the year. Costing Rs 1,000 crore, the centre will be able to accommodate over 2,000 people. Global tender would be floated and work will commence soon. The convention centre will be located at the Bandra-Kurla complex, said Mr R.M. Premkumar, Chief Secretary, Maharashtra. Preliminary groundwork for setting up the centre has already been completed and now requires the approval from the Chief Minister, he said. The Mumbai Metropolitan Region Development Authority (MMRDA) would be one of the implementing authorities. Land cost for the project is Rs 480 crore while construction cost will be Rs 520 crore. The project would be a joint venture between the MMRDA and a private player. The convention centre would primarily consist of auditoriums conference halls, food and beverage facilities, shops, offices and support infrastructure areas needed for such centres. The location of convention centre offers connectivity with road, rail, and air network. Along with the convention centre, there would be an exhibition centre and a hotel in the same area, the Chief Secretary said.
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