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Union Cabinet approves construction contract for part of Pragati Maidan

NYOOOZ 2018-06-14 00:00:00

Union Cabinet approves construction contract for part of Pragati Maidan


This move by the Union Cabinet is a step in Phase-I of its development initiative for the Pragati Maidan plot, the Integrated Exhibition-cum-Convention Centre (IECC). On Wednesday, a statement by the Press Information Bureau confirmed that the Union Cabinet approved the monetization of 3.70 acres of Pragati Maidan by India Trade Promotion Organisation (ITJPO). The IECC Project approved in January 2017 is estimated to cost Rs. This section of land has been leased for 99 years to a third party that won it through a bidding process. To avoid crowding and traffic around the area, the IECC will be planned with decongestion methods.

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Source:-http://www.thehindu.com/news/cities/Delhi/union-cabinet-approves-construction-contract-for-part-of-pragati-maidan/article24157898.ece