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Cabinet approves setting up of a world class Integrated Exhibition-cum-Convention Centre at Pragati Maidan, New Delhi by ITPO
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....abinet approves setting up of a world class Integrated Exhibition-cum-Convention Centre at Pragati Maidan, New Delhi by ITPO <br>News and Press Release<br>Dated:- 24-1-2017<br><BR>The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi has approved the proposal of India Trade Promotion Organisation (ITPO), a Mini Ratna Category-1 Company under the Department of ....
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....Commerce, for redevelopment of Pragati Maidan by setting up of a world class Integrated Exhibition-cum-Convention Centre (IECC) at Pragati Maidan, New Delhi. The total cost of the project will be ₹ 2,254 crore. ITPO will utilise ₹ 1,200 crore out of its free reserves towards funding of the project. ITPO will raise institutional loan / soft loan / external aid / land monetization for t....
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....he balance amount of ₹ 1,054 crore with government guarantee for the amount of institutional loan. The redevelopment of Pragati Maidan is envisaged in two phases. Phase-1 redevelopment is expected to complete by May 2019. Phase-1 of the project will result in redevelopment of nearly 3.26 lakh sq.mtrs. After redevelopment, the exhibition space will be doubled to 1.19 lakh sq.mtr. as against ....
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....65,000 sq.mtr. presently. Redevelopment will also include creation of a state-of-the-art Convention Center with seating capacity of 7,000 persons. For execution of this mega project, ITPO has assigned the work to National Buildings Construction Corporation Ltd. (NBCC) as a Project Management Consultant. ITPO would call for global bidding for selection of project executor(s) for construction of th....
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....e project. With India's growing international profile and increasing presence at summit, ministerial and other levels, a need has been felt to have a modern world class Integrated Exhibition-cum-Convention Centre at New Delhi to provide an appropriate venue for international events. Present facilities are far short of international standards. To ease road congestion, grade separator will be prov....
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....ided at the junction of Mathura Road and Bhairon Road. Also, there will be direct connectivity through subway from Mathura Road to Ring Road across Pragati Maidan.<BR> News - Press release - PIB....