Parsvnath Developers Ltd of New Delhi has received the letter
of acceptance from Buddha Smriti Udhyaan Development Company Ltd to develop the
Buddha Smriti Udhyaan at Patna in Bihar. The Rs 125-crore contract involves
construction of the iconic site on a plot spread over 20.65 acres with
developable area of 2.9 lakh sq. ft. The contract is scheduled to complete
within nine months.
BSUDCL is a public-private partnership between the Bihar government and India
PPP Capacity Building Trust (I-Cap), which is a trust formed under the Indian
Trusts Act, and for which Infrastructure Development Finance Company is
currently the sole contributor.