Reliance SEZ land to be earmarked for expo centre
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 the 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.chandigarh Updated: Jun 21, 2012 00:23 IST
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 the 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. The Haryana government in January this year had asked Mukesh Ambani's Reliance Industries, the lead partner in the RHSL, to return 1,383 acres in Gurgaon's Garhi Harsaru since the SEZ project could not fructify in the last five years.
The 1,383 acres of land was transferred by Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) to RHSL.
“About 400 acres out of the 1,383 acre of Garhi Harsaru RHSL SEZ land will be earmarked for establishing the exhibition-cum-convention centre project. The fate of the remaining Garhi land will be decided later,'' said an official.
HSIIDC officials said the project will be implemented through a special purpose vehicle (SPV) to be floated jointly by the central government and Haryana government with a 50:50 share holding. The Delhi Mumbai Industrial Corridor Develop-ment 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 approached the union commerce ministry seeking transfer of Pragati Maidan business to the proposed ECC project. “The ECC will come up on 135 acres while the hotels and retail arcade will come up on 15 acres. About 150 acres additionally will be earmarked for state pavilions," an official 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 hotel and retail component is proposed to be developed by private sector.
First Published: Jun 21, 2012 00:21 IST