1 year ago
NBCC and RIICO Partner for Rs 3,700 Crore Jaipur Projects
Imagine a big project happening in Jaipur!
A company called NBCC is teaming up with RIICO to build some cool new places.
They're planning a big convention center called Rajasthan Mandapam and a shopping center called Unity Mall.
This project is worth a lot of money, about 3,700 crore rupees!
The government is helping out too, with some financial support.
NBCC will be in charge of building everything, from the planning to the construction.
They'll get some money upfront from RIICO and will also raise funds by selling spaces.
There will be a special team to make sure everything is built well and on time, aiming to finish within 30 months.
NBCC signed an MoU with RIICO for projects near Jaipur International Airport.
The project includes Rajasthan Mandapam, Unity Mall, and infrastructure.
NBCC will serve as the exclusive Executing Agency.
RIICO will provide an initial interest-free advance of Rs. 50 crore.
The project aims for completion within 30 months.
- Who
- NBCC (India) Limited and RIICO
- What
- Signed an MoU for the development of the Rajasthan Mandapam, Unity Mall and allied infrastructure projects.
- Where
- Jaipur, Rajasthan
- When
- The MoU signing ceremony was held recently.
- Why
- To develop Jaipur as a premier destination for global conventions and retail innovation.
Key facts
- Project Value
- Rs. 3,700 Crore
- Project Location
- Jaipur, Rajasthan
- Key Parties
- NBCC, RIICO
- Key Projects
- Rajasthan Mandapam, Unity Mall
- NBCC Role
- Executing Agency
- RIICO Advance
- Rs. 50 Crore (interest-free)
- Government Support
- Up to Rs. 635 Crore for Rajasthan Mandapam
- Target Completion
- Within 30 months
