Newstrack

Bhubaneswar to get intl convention centre

Project under PPP to cost Rs 500 crore

Sanjeev Bhar - Orissa

Orissa Industrial Infrastructure Development Corporation (IDCO) has planned to set up an international convention centre through a public-private partnership model. BK Patel, head (SEZ & Infrastructure Projects) at IDCO, said, "The convention centre will be spread over 25 acres in tie-up with private developers. We have started inviting tenders for the project and expect to reach a decision to begin the project in the coming months."

The convention centre is to be built at a whopping Rs 500 crore and expected to be completed in the next three years. IDCO also established this project along the lines of Project Development & Promotion Partnership (PDPP) with the Infrastructure Development Corporation (IL&FS) with a revolving Project Development Fund to develop select projects related to infrastructure development in key areas.