Government plans PPP privatisation of Megapode Resort in Port Blair
PORTS & SHIPPING

Government plans PPP privatisation of Megapode Resort in Port Blair

The commencement of the privatisation process for the Megapode Resort in Port Blair, Andaman & Nicobar Islands, through the public-private-partnership (PPP) route, has been announced by the government.

In December, the plan to privatise the Megapode resort, one of the very few resorts in Port Blair, Andaman & Nicobar Islands, providing luxury cottage accommodations, was approved by an Approval Committee in the Ministry of Finance.

The Megapode Resort, situated 4 kms away from the airport amid lush green hills, spans across 7.5 acre of lawns, offering a stunning view of the Bay of Bengal and the Port Blair harbour.

The resort provides 10 sea-facing cottages in three different categories - Bamboo, Nicobari, and Deluxe Nicobari, along with deluxe, semi-deluxe, and standard rooms, each equipped with a private balcony facing the sea.

Named after the endemic scrub fowl known as the Nicobar Megapode, these birds are also referred to as mound-builders or incubator birds due to their construction of the largest nest-mounds of sand for incubating their eggs.

The Andaman & Nicobar Islands Integrated Development Corporation has engaged Deloitte Touche Tohmatsu India LLP as the transaction advisor for the sale.

The successful bidder will be granted the rights to operate and manage the resort, as well as to further design and develop the resort.

In a separate development, ANIIDCO has selected KPMG Advisory Services as the transaction advisor for constructing eco-tourism resorts at Long Island, Aves Island, Smith Island, and Shaheed Dweep Island, as per the document.

The commencement of the privatisation process for the Megapode Resort in Port Blair, Andaman & Nicobar Islands, through the public-private-partnership (PPP) route, has been announced by the government. In December, the plan to privatise the Megapode resort, one of the very few resorts in Port Blair, Andaman & Nicobar Islands, providing luxury cottage accommodations, was approved by an Approval Committee in the Ministry of Finance. The Megapode Resort, situated 4 kms away from the airport amid lush green hills, spans across 7.5 acre of lawns, offering a stunning view of the Bay of Bengal and the Port Blair harbour. The resort provides 10 sea-facing cottages in three different categories - Bamboo, Nicobari, and Deluxe Nicobari, along with deluxe, semi-deluxe, and standard rooms, each equipped with a private balcony facing the sea. Named after the endemic scrub fowl known as the Nicobar Megapode, these birds are also referred to as mound-builders or incubator birds due to their construction of the largest nest-mounds of sand for incubating their eggs. The Andaman & Nicobar Islands Integrated Development Corporation has engaged Deloitte Touche Tohmatsu India LLP as the transaction advisor for the sale. The successful bidder will be granted the rights to operate and manage the resort, as well as to further design and develop the resort. In a separate development, ANIIDCO has selected KPMG Advisory Services as the transaction advisor for constructing eco-tourism resorts at Long Island, Aves Island, Smith Island, and Shaheed Dweep Island, as per the document.

Next Story
Infrastructure Energy

Digital Economy, Renewable Energy to Boost Job Creation: Economic Survey

The Economic Survey 2024-25, presented by Union Finance Minister Nirmala Sitharaman, indicates substantial improvement in India’s labour market, driven by strong post-pandemic recovery and formalisation of the workforce. Key findings include a significant drop in the unemployment rate from 6 per cent in 2017-18 to 3.2 per cent in 2023-24. Additionally, there has been notable growth in female labour force participation, which increased from 23.3 per cent in 2017-18 to 41.7 per cent in 2023-24.Other highlights include:Over 30.51 crore unorganised workers registered on the eShram portal, suppor..

Next Story
Real Estate

Aditya Birla Housing Finance Secures Rs 8.3 Billion from IFC

Aditya Birla Housing Finance Ltd. (ABHFL), a subsidiary of Aditya Birla Capital, has raised Rs 8.3 billion through non-convertible debentures (NCDs) from the International Finance Corporation (IFC). The company stated that the funds will be used to provide housing loans to low- and middle-income groups (LIG and MIG), with a special focus on promoting homeownership among women. Additionally, a portion of the investment will support MSMEs, particularly women-led enterprises, to drive economic growth. The initiative aims to strengthen financial inclusion and uplift underserved communities in the ..

Next Story
Infrastructure Energy

Bihar to Bid Out 2,400 MW Power Plant by March

The Bihar government plans to auction the proposed 2,400 MW coal-based power plant at Pirpainti by March 2025. Part of the state's FY25 budget initiatives, the project is valued at Rs 214 billion, covering multiple power sector developments. Coal for the plant is expected to come from Eastern Coalfields, with fuel and location already determined to streamline the bidding process. Discussions are underway to finalise coal supply under the SHAKTI scheme, with a resolution expected by February. The Central government has also pledged support for fast-tracking environmental clearances to facilit..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000