Niti Aayog prepares Rs 1,500 cr water, land villa project
Niti Aayog, has prepared a Rs 1,500 crore water and land villa project in the lagoons of Lakshadweep and the Andaman & Nicobar Islands.
Along with the villas, infrastructure will be developed, including the building of new airports, introduction of sea planes to these destinations and strengthening helicopter services as well as floating jetties to ensure smooth accessibility.
Bids have been invited for the seven coveted projects, which will be developed on a priority basis in public-private partnership (PPP) mode. The Niti Aayog has proposed building 125 rooms in water villas to be constructed on Minicoy island, Suheli island and Kadmat island of Lakshadweep. It plans to construct 460 rooms in land villas on Long island, Aves island, Smith island and Shaheed Dweep island in Andaman & Nicobar.
The model concession agreement has been finalised. The work on the project is expected to commence in FY20. Niti Aayog has already obtained environmental approvals for all the projects and expects to award the contracts by end of 2019.