Cabinet clears Rs 2,254 cr world-class convention centre at Pragati Maidan

ITPO to put in Rs 1,200 cr, rest to be financed by loans; first phase to be completed by 2019

A new international convention and exhibition centre will be developed at a cost of Rs 2,254 crore at New Delhi’s iconic Pragati Maidan. International Trade Promotion Organisation, under the Commerce Ministry, will put in Rs 1,200 crore from its reserves into the project. The balance amount of Rs 1,054 crore will be raised by way of long-term loan from banks, financial or external institutions with government guarantee.

Major milestones	Time Frame for completion
Engagement of Architect Consultant by NBCC	Completed
Preparation of DPR