6 days ago

Unfinished JPNIC in Lucknow Moves to Private Operator

Unfinished JPNIC in Lucknow Moves to Private Operator
Rs 800 crore spent, still unfinished: Why Akhilesh Yadav’s ‘pet project’ in Lucknow is going private · indianexpress.com

The Jayaprakash Narayan International Centre in Lucknow was planned as a large place for meetings, sports and culture.

It was started when Akhilesh Yadav was chief minister but was never fully completed.

The government says about Rs 821 crore has already been spent on it.

Finishing the building could cost another Rs 200-250 crore.

Instead of spending that money itself, the government will let a private group complete and operate the centre.

The group must finish the work within two years.

It will run the hotel, parking area, convention centre, auditorium and sports facilities for 35 years.

The museum about Jayaprakash Narayan will remain with the Lucknow Development Authority.

The project has also become part of a political dispute between the Samajwadi Party and the BJP government.

Key facts

Lease period
35 years
Reported expenditure
About Rs 821 crore; the original estimate was about Rs 200 crore
Estimated completion cost
Rs 200-250 crore
Successful consortium
Vrindavan Bottlers and Rockwood Hotels & Resorts
Completion deadline
Two years after the Letter of Acceptance
Annual lease payment
Rs 6 crore initially, increasing by 5% annually
Facilities
108-room hotel, parking for about 750 vehicles, convention centre, auditorium and sports facilities

Quotes

Yogi Adityanath

Chief Minister of Uttar Pradesh and leader of the BJP-led state government

“The Saifai family had looted public money. The JPNIC that the SP was constructing was estimated to cost Rs 200 crore, but even after spending Rs 821 crore, the building remained incomplete.”
indianexpress.com

Sources

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