Kashipur Civic Body Hands Out Rs 220 Crore Urban Redevelopment Contract
Nagar Nigam Kashipur has awarded a Rs 220 crore Urban Challenge Fund contract to a consortium for commercial and public infrastructure redevelopment.
Current Summary
Nagar Nigam Kashipur has awarded a Rs 220 crore contract to Rudrabhishek Enterprises Limited, in consortium with New Modern Buildwell Pvt. Ltd., for an Urban Challenge Fund (UCF) project in the Uttarakhand town. The contract covers feasibility studies, planning, design, redevelopment, construction, upgradation and operation and maintenance of selected UCF projects in Kashipur, including organised commercial shops, multi-level parking, internal circulation roads, modern building facades, AI and technology innovation centres, food courts, public plazas, hotels, a multiplex, a Nagar Nigam office block, Grade A office space and smart utility infrastructure. The project and construction period is around 36 months, with a concession period of 29 years and 11 months, extendable by a further 29 years and 11 months. Estimated revenue generation is about Rs 300 crore. Working capital will be provided by the central and state governments under the scheme, which aims to move cities toward market-based financing and integrated regional development.
What We Know
- Nagar Nigam Kashipur has awarded a Rs 220 crore Urban Challenge Fund contract to a Rudrabhishek Enterprises-led consortium
- The project covers commercial, parking, office and public infrastructure redevelopment in Kashipur
- Construction period is about 36 months with a nearly 30-year concession period
What Is Still Unclear
- Exact start date of construction
- Specific sites within Kashipur affected
What Changed
- 21 Oct, 07:31 amSignal detected: Kashipur Civic Body Hands Out Rs 220 Crore Urban Redevelopment Contract