At Agra, Rs. 10K crs theme park work to commence from March

From ET Realty

AGRA: The foundation stone for a Rs 10,000 crore theme park in Agra is most likely to be laid by chief minister Akhilesh Yadav in the middle of March. Officials said the land for the 1,000 acre project has almost been acquired and a meeting of senior officials has been called on February 15 in Lucknow.

The project has already got the NOCs (no-objection certificates) from various departments, including the Uttar Pradesh pollution control board (UPPCB) and state irrigation department, and now just requires environmental clearance from the Centre.

The Uttar Pradesh government plans to develop the theme park project in collaboration with yesteryear Bollywood actor Sanjay Khan near the villages of Rahan Kalan and Raipur near national highway-2. The mega theme park will be a cluster of seven such parks, and international expertise will be sought for developing it.

Subsequent to the environment clearance, a concession agreement with Khan’s Kingdom Company will be signed to execute the project.

Touted as one of its kind in the country, a sum of Rs 10,000 crore is estimated to be spent on developing replicas of past and future civilizations. The park will actually be a cluster of seven theme-based structures inspired by the Mahabharta, the Ramayana, the Gupta era, the Mughal period and the freedom struggle of 1857. There is also plans to build futuristic city-based theme park.

The plan is being executed by the UP State Industrial Development Corporation Limited (UPSIDC), which has been made a nodal agency for the acquisition of the land. It has paid the money collected from investors to the district administration for the land. A special purpose vehicle (SPV) has also been formed by UPSIDC to execute the plan.

A UPSIDC official told TOI: “Almost 98% of the land has been acquired, and a notification has already been issued. The master plan of the project is also ready. A workshop will be organized in April, where investors and financiers from across the world would be invited. The next step would be issuance of tenders and starting the work.”

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