Greater Noida: The state government has given its approval to the Paving Project Paving Project for the global offer process to start this year.
Senior Yamuna Expressway Industrial Development Authority (Yeida), including Chief Executive Officer Arun VIR Singh, has provided a detailed project report (DPR) before government officials in Lucknow on August 12.
The agreement occurred on Wednesday.
“We have gone ahead of the government.
Now, our team will start the document to prepare a bidding document.
We will try to float tenders in the next three months,” said Singh.
Of the three recommended models, the government has chosen a hybrid model.
Below, Yeida will part with its land and concession holders who will develop and run city films will pay an annual premium at least Rs 100 Crore and share their income with authority.
Annual premium payments will begin after 10 years of operation, when the moratorium period mentioned in the agreement between the two sides will end.
According to officials, copies of the House of Representatives were presented to the Secretary of the Head of State, which is also the head of the committee suffered by the government to carry out projects in sector 21 along the Yamuna Expressway.
The city project FIM has been planned more than 1,000 hectares and the government has suggested that it was developed in two phases.
“We want to provide all the facilities, facilities and infrastructure needed to produce films, along with amusement parks, in the first phase,” said a government official.
The DPR has been prepared by CBRE, a global commercial real estate service company, and according to its estimates, more than RS 6,500 Crore will be needed for the first phase.
“We will ask for CBRE to help us prepare and complete the offer document.
They have worked on projects on the same scale and size,” Singh said.