Friday, August 18, 2006

Kerala gets set for Rs 140-cr convention centre

After Hyderabad, it is Kerala that might be home to another state-of-the-art convention centre. The Rs 140 crore project, that is still awaiting a final cabinet approval, is expected to come up in Thiruvananthapuram and might take approximately three years to get completed.

The government of Kerala has promised to provide the land on lease while the entire investment will come from the private sector. A consortium has already been formed between three private players who are part of the consortium and are leading names in their area of specialisation - namely a prominent party from the real estate business to look after the construction of the project, a leading hotel chain and an international body who are specialists in the MICE business. However no names were revealed.


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