These projects include Expotel at Lower tank Bund, a hospitality project at Kavuri Hills and Bay Park Resort at Visakhapatnam.
Hyderabad, May 26
The Andhra Pradesh Tourism Minister, Ms Geetha Reddy, has called upon private entrepreneurs to pitch in for various tourism projects which the Government plans to take up across the State through the public private partnership (PPP) mode.
During an interaction with private developers, the Minister said at least three major hospitality projects, with combined investment of about Rs 400 crore, are on the verge of completion. These projects include Expotel at Lower tank Bund adjacent Husain Sagar Lake, a three-star hospitality project at Kavuri Hills and Bay Park Resort at Visakhapatnam.
In the meeting held on Tuesday, while the minister requested them to clear some of the pending dues to the Government, the developers sought more sops which will make their projects bankable.
The developers requested the Government to extend some of the concessions offered thus far. These include exemption of stamp duty and registration fee, land conversion and power tariff at concession rates, and rebate in excise and commercial taxes. The Minister assured them that these issues would be considered while formulating a new tourism policy, according to a statement from the Tourism Ministry.
The Project Management Unit (PMU) started by the Tourism Department in the State in 1998 to encourage PPP in tourism sector, has awarded 22 projects so far since 2000.
These include Imax, Snow world, Jala Vihar and Senora beach resort. While rest of the projects are at various stages of implementation, these projects have generated revenues of about Rs 66 crore.