Delhi multiplex targets Commonwealth Games
Prashant C. Trikannad
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
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,"
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 (see table). 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.
Contact: Director (Projects), New Delhi Municipal Council, Palika Kendra,
Connaught Place, New Delhi 110001. Tel: 011-23364699 or Director (Projects),
NDMC, C/o IL&FS Infrastructure Development Corporation Ltd, UG Floor, Mahindra
Towers, 2A, Bhikaji Cama Place, New Delhi 110066. Tel: 011-26709210; Fax:
011-26103986; E-mail: firstname.lastname@example.org
[December 24-30, 2007]