S. Anil Radhakrishnan
First phase to come up in two years
The complex will come up on 18.61 hectaresSpecial Purpose Vehicle to be formed
Thiruvananthapuram: Decks have been cleared for the setting up a Rs.100-crore International Convention Centre Complex (ICCC) near Akkulam tourist village in the city with 26 per cent equity participation of the State Government.
A Special Purpose Vehicle (SPV) will be formed to implement the project, which will give a fillip to MICE (Meeting, Incentive, Convention and Exhibition) tourism in the capital city and southern region of the country.
Official sources told The Hindu that a private partner - Chalet Hotels and Properties Pvt. Ltd. along with M/s Raheja Corporation Pvt. Ltd. - had been selected through a bidding process.
The agreement was being worked out and Chalet Hotels and Properties (Kerala) Pvt. Ltd. had been registered.
To be taken up under the Built-Operate-Transfer (BOT) concept, the ICCC will come up on 46 acres of land on the left side of the road leading from Akkulam tourist village to the Kazhakuttam-Inchivila NH 47 bypass. The site is close to the land acquired for the development of the Technopark.
The ICCC will have a total built-up area of 16,480.86 sq. m. It will have a convention and exhibition centre, resort, retail, marina and on-site infrastructure in the first phase. Proximity to the international airport, Technopark, railway terminal, and the beach resort of Kovalam are cited as the main reasons for Akkulam being selected to set up the ICCC.
In view of its close proximity to Technopark, a clause has been included in the agreement to prevent development, construction, setting up, establishment or operation of information technology/information technology enabled services infrastructure, including buildings and facilities, on the site.
"The authorisation period is for 90 years from the date of signing of the agreement. The period will include the construction period and the first phase of the ICCC will be completed in two years," sources said. The convention and exhibition centre will have a plenary hall, hi-tech hall, meeting rooms, VIP room and support services. The resort will be of four-star category.