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Four bidders, including T-Series and companies backed by actor Akshay Kumar and filmmaker Boney Kapoor, have qualified for the latest round of financial evaluation as potential developers of the International Film City near the upcoming Noida airport, officials said on Saturday. . (Also Read: Akshay Kumar and Tiger Shroff celebrate Ram Mandir Pran Pratishtha ceremony on the sets of Bade Miyan Chote Miyan. Watch)
Super Cassettes Industries Private Limited (T-Series), Supersonic Technobuild Private Limited (Maddock Films, Cape of Good Films LLP and others), Bayview Projects LLP (backed by Boney Kapoor and others) and 4 Lions Films Private Limited (backed by filmmaker KC Bokadia and others), made their presentations for the greenfield project before Uttar Pradesh government officials on Saturday.
The program was chaired by UP Industrial and Infrastructure Development Commissioner Manoj Kumar Singh, Yamuna Expressway Authority Principal Secretary and Chairman Anil Sagar, Chief Information Officer Shishir Singh, Authority Executive Director of Yamuna Expressways, Arun Vir Singh, and the project’s OSD, Shailendra Bhatia.
Akshay Kumar, part of Supersonic Technobuild, virtually joined the presentation, while Boney Kapoor, associated with Bayview Projects, among others, was present at the Yamuna Expressway Authority office in Greater Noida, officials said.
“All the four bidders have qualified on technical grounds and now, the financial bid for the concessionaire/developer of International Film City will be opened on January 30 at 2:30 pm,” Bhatia told PTI.
“The project is being developed under the public-private partnership (PPP) model. The company offering the highest revenue share to the state government will be selected as the developer of the greenfield project,” the official said.
Bhatia, who is also additional chief executive officer of the local Yamuna Expressway Authority, said that after the financial bid is opened, the proposal of the selected concessionaire will be sent to the state government for approval. “Once this approval is received, the land would be allotted to the concessionaire after due procedures and work would begin for the construction of the project,” he added.
The bid for the project was submitted on September 30, 2023, with the deadline being January 5, 2024. This is the third time the bid for the development of Cinema City has been submitted after two previous attempts failed. They managed to attract investors.
Film City, a pet project of Uttar Pradesh Chief Minister Yogi Adityanath, is envisioned as an international project spanning over 1,000 acres (230 acres in the first phase) of land along the Yamuna Expressway near Noida.
The project is situated in Sector 21 of Yamuna Expressway Authority, near the upcoming Noida International Airport.
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