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Time of India
12 hours ago
- Business
- Time of India
Five-star Hotel Patna: Cabinet gives nod to five-star hotel at Patliputra Ashok site, 2 more in offing, ET TravelWorld
Advt Join the community of 2M+ industry professionals. Subscribe to Newsletter to get latest insights & analysis in your inbox. All about ETTravelWorld industry right on your smartphone! Download the ETTravelWorld App and get the Realtime updates and Save your favourite articles. The state cabinet on Tuesday approved a proposal by the tourism department to issue a letter of award to a Patna-based private developer for the construction of a five-star hotel near the Income-Tax roundabout, replacing the existing Hotel Patliputra Ashok . The project will be executed under the public-private partnership (PPP) this decision, the path has also been cleared for the development of two more five-star hotels in Patna, giving a major boost to luxury hospitality infrastructure in the state cabinet had earlier sanctioned the construction of five-star hotels at three sites – the location of Hotel Patliputra Ashok, the remodelling of the historic Sultan Palace (also known as Transport Bhavan) without altering its architecture and heritage value and the site of the Bankipore bus stand near Gandhi secretariat department additional chief secretary S Siddharth said the bidding process for the other two five-star hotel projects has also been initiated."The letter of award has been issued to the Patna-based agency concerned for the construction of a five-star hotel at the Hotel Patliputra Ashok site after the successful completion of the bidding process. Its construction cost was the lowest," Siddharth said, adding that the project will follow the PPP added that the lease agreement for the project has already been signed with the developer. "In the first phase, it is for 60 years, and then it will be extended by another 30 years. Overall, the lease agreement is for a 90-year period," Siddharth private developer awarded the project is Kumar Infra Trade Enterprises Pvt Ltd , Patna. The letter of award was issued by the Bihar State Infrastructure Development Authority In another key decision, the cabinet sanctioned the transfer of 0.1555 acres of land belonging to the Chandragupta Institute of Management-Patna to the urban development and housing department for the construction of a Patna Metro Rail land, located in the Vigrahpur 'mauja' under the Phulwarisharif circle, was transferred for a payment of Rs 10 crore, Siddharth said.
Time of India
a day ago
- Business
- Time of India
Cabinet gives nod to five-star hotel at Patliputra Ashok site, 2 more in offing
1 2 Patna: The state cabinet on Tuesday approved a proposal by the tourism department to issue a letter of award to a Patna-based private developer for the construction of a five-star hotel near the Income-Tax roundabout, replacing the existing Hotel Patliputra Ashok. The project will be executed under the public-private partnership (PPP) mode. With this decision, the path has also been cleared for the development of two more five-star hotels in Patna, giving a major boost to luxury hospitality infrastructure in the state capital. The cabinet had earlier sanctioned the construction of five-star hotels at three sites – the location of Hotel Patliputra Ashok, the remodelling of the historic Sultan Palace (also known as Transport Bhavan) without altering its architecture and heritage value and the site of the Bankipore bus stand near Gandhi Maidan. Cabinet secretariat department additional chief secretary S Siddharth said the bidding process for the other two five-star hotel projects has also been initiated. "The letter of award has been issued to the Patna-based agency concerned for the construction of a five-star hotel at the Hotel Patliputra Ashok site after the successful completion of the bidding process. Its construction cost was the lowest," Siddharth said, adding that the project will follow the PPP model. He added that the lease agreement for the project has already been signed with the developer. "In the first phase, it is for 60 years, and then it will be extended by another 30 years. Overall, the lease agreement is for a 90-year period," Siddharth said. The private developer awarded the project is Kumar Infra Trade Enterprises Pvt Ltd, Patna. The letter of award was issued by the Bihar State Infrastructure Development Authority. In another key decision, the cabinet sanctioned the transfer of 0.1555 acres of land belonging to the Chandragupta Institute of Management-Patna to the urban development and housing department for the construction of a Patna Metro Rail station. The land, located in the Vigrahpur 'mauja' under the Phulwarisharif circle, was transferred for a payment of Rs 10 crore, Siddharth said.
