GoU/Kingdom – Agra Theme Park – Uttar Pradesh - Project Profile

GoU/Kingdom – Agra Theme Park – Uttar Pradesh - Project Profile

  • December 2017 •
  • 8 pages •
  • Report ID: 4434200
Synopsis
"GoU/Kingdom – Agra Theme Park – Uttar Pradesh - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.

The "GoU/Kingdom – Agra Theme Park – Uttar Pradesh - Project Profile" is part of Timetric’s database of 82,000+ construction projects. Our database includes a 10+ year archive of completed projects, full coverage of all global projects with a value greater than $25 million and key contact details for project managers, owners, consultants, contractors and bidders.

Summary
The government of Uttar Pradesh (GoUP) and Kingdom Entertainment Pvt. Ltd (Kingdom) are jointly planning to construct a theme park in Agra, Uttar Pradesh, India.

The project will be executed in four phases.

The project involves the construction of a theme park comprising seven cities and depicting different periods of history on 639.4ha of land. It includes the construction of a monorail facility, four starred hotels, an area for wedding functions, shooting areas for film makers, parking and related infrastructure.

A Special Purpose Vehicle (SPV) will be formed to transfer the equity and cost of the land for the project. It will be around US$96 million.

In November 2014, a high-level review meeting was held.

In February 2015, land acquisition was undertaken.

In February 2016, GoUP has been awaiting the environmental clearance and the land was acquired for the project.

In March 2016, UP Environmental Board approved the environmental clearance for the project.

On May 18, 2016, GoUP signed a Memorandum of Understanding (MoU) with Kingdom Company for the project.

On June 6, 2017, GoUP issued an ultimatum to Kingdom to deposit the money to the government for acquiring the land.

Pre-design activities on the project are underway.

Scope
The project involves the construction of a theme park comprising seven cities and depicting different periods of history on 639.4ha of land in Agra, Uttar Pradesh, India.

The US$785 million project includes the following:
1. Construction of a monorail facility
2. Construction of four starred hotels
3. Construction of an area for wedding functions
4. Construction of shooting areas for film makers
5. Construction of parking facilities
6. Construction of related infrastructure

Reasons To Buy
• Gain insight into the project.
• Monitor the latest project developments.
• Identify key project contacts.
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Country=India Industry=RecreationalActivity ParentIndustry=Services Date=201712 Publisher=Timetric Price=1000