ITDC bags contract for its first private infrastructure project
India Tourism Development Corporation (ITDC) has bagged its first ever private infrastructure project as it signed an MoU with a Hyderabad-based firm for developing a mega tourism destination project in Andhra Pradesh, according to a statement from the Tourism Ministry.
ITDC signed the memorandum of understanding (MoU) with Suraas Impex Pvt. Ltd. for the Rs 550-crore project which will be located at Bhairav Lanka in Kakinada, East Godavari district of Andhra Pradesh.
This is the first-of-its-kind project for the state-owned ITDC, which bagged the project beating several private contenders, the statement said. ITDC will be the consulting agency as well as implementing agency for the project and the execution will be taken up in three stages.
ITDC has completed 67 infrastructure projects for the Ministry of Tourism, Ministry of Culture and various state governments so far. The division has also prepared more than 85 detailed project reports for various tourism projects in the country.
You might also like
St. Petersburg showcase on 50th anniversary of sister-city tie-up with Mumbai
As distinct as they are, St. Petersburg, the cultural capital of Russia, and Mumbai, India’s financial capital, are readying to celebrate the 50th anniversary of sister-city status this month as
India is Changi Airport’s seventh largest country market, accounting for 6.1% of the airport’s total passenger traffic
Heading into 2017, Changi Airport will be offering more flight options for travel to India. A total of 13 weekly services will be introduced between now and the end of the
Emaar Hospitality Group launches innovative service culture programme to enhance guest experience
Emaar Hospitality Group launches innovative service culture programme to enhance guest experience Emaar Hospitality Group, the hospitality and leisure business of Emaar Properties PJSC, has launched an innovative service culture
