Core Announcement – Order Details
Awarding Entity: Nagar Nigam, Kashipur, Government of Uttarakhand
Domestic/International Order: Domestic
Nature of Order/Contract:
Consultancy and Construction contract for Feasibility, Planning, Designing, Redevelopment, Construction, Upgradation, Strengthening, Operation & Maintenance of Selected UCF (Urban Challenge Fund) Projects in the Nagar Nigam Complex Development Kashipur Nagar Nigam on DBFOT (Design-Build-Finance-Operate-Transfer) model in PPP mode. The Urban Challenge Fund (UCF) is a flagship program introduced by the central government to catalyze a paradigm shift in urban development by encouraging cities to transition towards market-based financing and integrated regional development.
Specific Scope Includes: Organized parking, commercial shops, multi-level modern internal circulation roads, façade/infrastructure, AI & technology innovation centres, food court/public plaza, Hotels, Entertainment Zones, Multiplex, Nagar Nigam office block, Grade A office and improvements, streetscape space, and associated smart utility infrastructure.
Order Value: ₹220.00 Crore (inclusive of GST)
Materiality Context: Not Specified
Execution Timeline:
- Project/Construction Period: Approximately 36 months
- Concession Period: 29 years 11 months; extendable to further 29 years 11 months
Revenue Recognition / Billing Structure: Not Specified
Key Terms & Payment Milestones: Not Specified
Whether Related Party Transaction: No
Promoter Group Involvement: No promoter/promoter group companies have any interest in the entity that awarded the order/contract.
Financial Implication:
- Estimated revenue generation: Approximately ₹300.00 Crore (inclusive of GST)
- Working capital will be provided by the central and state government under the UCF scheme
- Revenue realizations will come from public as per the sales of asset built
- This will help manage the cash flow cycle for this large-scale project