Excelsior Correspondent
JAMMU, Jan 2: Government today accorded sanction to the constitution of a committee for coordinating, planning, and executing of the project, “Development of World Class Amusement Park at Tattoo Ground, Srinagar.”
As per an order, the committee in this regard would be headed by Administrative Secretary, Industries and Commerce Department and assisted by Divisional Commissioner Kashmir, representatives of Home, Finance, Housing & Urban Development, Tourism, Revenue, and Law Department (not below the rank of Additional Secretary), representatives of Municipal Corporation Srinagar, representative from Srinagar Development Authority, and representative from Town Planning Organization Kashmir as its members.
The committee shall co-opt any member, for the purpose of smooth implementation of the project and shall be serviced by the Industries and the Commerce Department, ordered the Government.
The order further said that the committee shall propose a roadmap for the establishment of structure and nature of special purpose vehicle (SPV) based on request for proposal (RFP) in consultation with Ernst & Young LLP, which has been engaged for providing transact ion advisory, investment promotion for development of theme/amusement park in J&K.
The committee will also study and recommend upon draft bid document, issuance of RFP, and evaluation of RFP for selection of concessionaire and signing of concession agreement.
It will also act as a recommending body to place the proposals for accord of sanction of the respective competent authority, throughout the project, as and when required.
The committee will also deliberate and take a decision on any concomitant issues in the context of the successful execution of the project.
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