TAMIL NADU

CRISIL consultant inspects Nehru Open Auditorium

P. Sudhakar

TIRUNELVELI: Jayanthi Ramachandran, Senior Consultant of CRISIL, India's leading ratings, research, risk and policy advisory company, inspected the Nehru Open Auditorium at Palayamkottai recently to determine whether any business endeavour to come up at this strategically located spot will be profitable.

After the Tirunelveli Corporation, with the objective of augmenting its revenues, decided in favour of establishing a spacious multi-purpose hall at the auditorium where trade fairs and other conventions can be organised, Assistant Vice-President (Projects) of Tamil Nadu Urban Development Fund R. Gayathri and its advisor S. Viswanathan inspected the facility on August 14 and submitted a report to the government.

Subsequently, CRISIL, which is conversant with infrastructure advisory services, was appointed as the consultant for this ambitious project that is likely to be executed with private participation on Build, Operate and Transfer (BOT) basis.

Satisfied with the advantageously located 99 cents, which is free from encroachments, Ms. Jayanthi said that the proposed site, situated right on the arterial Thiruvananthapuram High Road and having secondary access to another 60-feet-road in the north, could be developed into a landmark spot of the entire district.

“Since we don't have a star hotel in this tier-two city, we may identify a private partner to construct the structure with facilities such as convention halls, sufficient space for shopping and landscaped garden with play equipment – to attract children - on the 27 cents behind the auditorium,” Ms. Jayanthi told The Hindu during her visit.