Online edition of India's National Newspaper
Monday, Dec 31, 2007
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Online edition of India's National Newspaper Monday, Dec 31, 2007 ePaper |
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Tamil Nadu
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Chennai
CHENNAI: The Tamil Nadu Tourism Development Corporation will set up a state-of-the-art underwater world aquarium, on 15 acres, at Muttukadu in Kancheepuram district. The tourist attraction will be set up on a public-private partnership and modelled on the Sentosa Island underwater world in Singapore. The Tamil Nadu Industrial Development Corporation (TIDCO) will select the private partner through international competitive bidding. The land will be leased out to the successful bidder for 30 years.
A Tourism Department official told The Hindu that the TIDCO would lay down the eligibility criteria for the development of the facility. “The modalities, including the cost component, are being worked out,” he said. The proposal was examined in consultation with the Finance Department, and since the land availability was the prime factor, it was decided to follow upfront payment of the current market value of the land through an international competitive bidding agency.
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