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Sops to lure Ring Road developers

DNA | Last Modified - Dec 16, 2010, 07:01 AM IST

The deadline for sending request for the RfQ now is December 27.
  • Sops to lure Ring Road developers
    Sops to lure Ring Road developers

    Jaipur: To allure developers for the ambitious Ring Road project, the Jaipur Development Authority (JDA) will now dish out a special concession. The JDA has agreed to give developers 20,000 square metres of vacant land on the either side of the proposed 47-km-long Ring Road project which the developers can use for commercial purposes.

    The development agency held its pre bid meeting for the project on Wednesday under the chairmanship of urban development and housing (UDH) principal secretary GS Sandhu. In the meeting, the authority considered queries of five firms who expressed interest in the project. Replying to their [the firms] queries, the JDA said that it will give 20,000 sq metre open land to the firm who will develop the project on 'the design, build, finance, operate and transfer' (DBFOT) basis.

    "The developer can use this land for running hotels and restaurants. Also the developers can sub-let and sub-lease the buildings [after construction] for generating income. The developer will, however, have to transfer these buildings to the JDA after a certain period of time," an officer with the JDA said.

    The JDA added that information pertaining to the toll rates to be implemented on four-wheelers passing through the first phase of the 47-km-long Ring Road, locations of toll plazas, environment policy and location of railway overbridge falling under the project will be provided on the date of issuance of work order to the firm. Also, the authority did not disclose the amount of land which authority has acquired for the project.

    The agency, however, turned down the request of the interested firms to extend the deadline for sending request for qualification (RfQ). The deadline for sending request for the RfQ now is December 27.

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Web Title: Sops to lure Ring Road developers
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