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Cabinet approves Development of Exhibition-cum-Convention Centre at Dwarka, New Delhi

News and Press Release - Dated:- 10-11-2017 - The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved the following proposals of the Department of Industrial Policy and Promotion: (a) Development of Exhibition-cum-Convention Centr .....

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by year 2025. (b) Incorporation of a new Government company as a Special Purpose Vehicle (SPV) for the implementation and development of the project with 100% equity from Government through Department of Industrial Policy and Promotion. Government o .....

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st of land to be paid to DDA, water & Sewerage infrastructure, Railway land for Metro Connectivity and expenses towards other Non-PPP components. (c) Mobilization of ₹ 1,381 crore from the market as Government guaranteed loan and utilizatio .....

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ct. (d) DMICDC will act as a knowledge partner for the project on payment of an annual fee @1% of the yearly internal accruals, subject to a minimum of ₹ 5 crore and maximum of ₹ 10 crore per annum for an initial period of 10 years. (e) B .....

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all approved financial limits. SPV would also be authorized to raise debt/ mobilize resources through land monetization depending upon market conditions. Phase-1 of the project comprising trunk infrastructure along with Exhibition cum Convention Cent .....

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nd offices will be implemented in PPP mode. It is estimated that the proposed ECC facility, once fully operational, will infuse a demand for more than 100 major international and local exhibition events annually. The number of persons visiting the ex .....

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