The Haryana government has decided in principle to shift the site of the proposed exhibition-cum -convention centre (ECC) project in Gurgaon from Pachgaon chowk to Garhi Harsaru Special Economic Zone (SEZ) site, currently in possession of Reliance Haryana SEZ Ltd (RHSL), the special purpose vehicle incorporated to implement the project. The ECC project is one of the three early bird initiatives identified under the Delhi Mumbai Industrial Corridor (DMIC) project.
Haryana government in January 2012 had asked Mukesh Ambani's Reliance Industries, the lead partner in the RHSL to return 1383 acres in Gurgaon's Garhi Harsaru since the SEZ project could not fructify in the past five years.
The land was transferred by Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) to RHSL. The modalities for transfer of land back to HSIIDC are being worked out.
"About 400 acres out of 1383 acre of Garhi Harsaru RHSL SEZ land will be earmarked for establishing the exhibition-cum -convention center project. The fate of the remaining Garhi land will be decided later,'' said a Haryana official.
HSIIDC officials said the ECC project which was conceptualized in consultation with Union Ministry of Commerce and Industry will be implemented through a special purpose vehicle (SPV) to be floated jointly by Government of India and Haryana government with a 50:50 share holding.
The Delhi Mumbai Industrial Corridor Development Corporation (DMICDC) and HSIIDC will be partners in the SPV, they said.
The ECC is proposed to have an exhibition centre, a convention centre, hotels, retail arcade and administrative office. HSIIDC has also approached the Union Ministry of Commerce and Industry seeking transfer of Pragati Maidan business to the proposed ECC project.
"The ECC will come up in about 135 acres while the hotels and retail arcade will come up on 15 acres. About 150 acres additionally will be earmarked for state pavilions. ECC is proposed to have a built up area of over than two million square feet,'' officials said.
An annuity development model is likely to be adopted for implementing the ECC project. The model will entail construction to be undertaken by a private player who would be paid annuity for six years.
The operation and maintenance (O&M) of the ECC project will be leased out on payment of a lease fee. The hotel and retail component is proposed to developed by private sector through concession based public private partnership model.
Earlier, the consultants for the project-- Jurong which had undertaken a study of eight sites for the proposed ECC had recommended the Pachgaon chowk site in Gurgaon as the most suitable.
However, officials say that land acquisition process for the ECC project came to a halt as Supreme Court ordered stay against dispossession of the land in April 2011.