SPV constituted for implementation of ISBT project at Katra

Golden yug
[ March 23, 2018 ] Sanction is hereby accorded to the constitution of Special Purpose Vehicle (SPV), for implementation of Inter State Bus Terminal (ISBT) Project, Katra. Administrative Secretary, Housing & Urban Development Department as Chairman Director, Tourism, Jammu as Member,Chief Executive Officer, Shri Mata Vaishno Devi Shrine Board, Katra as Member,Vice Chairman, Jammu Development Authority as Member,Director, Urban Local Bodies, Jammu as Member,Deputy Commissioner, Reasi as Member, Superintending Engineer, Jammu Development Authority as Member,Sub Divisional Magistrate, Katra as Member,Chief Executive Officer, Katra Development Authority as Member Secretary,Chief Architect, Jammu and Kashmir as Member,Chief Town Planner, Jammu as Member,Chief Executive Officer, Municipal committee, Katra as Member.The terms of reference of the Special Purpose Vehicle shall be tec-finalize concept, design and comprehensive plan of the project; finalize financial viability and model of funding of project; oversee bidding process for architectural designs and financial proposals;take measures for mobilization of resources/funding in a regulated manner which may also include self financing model for commercial spaces;decide implementation schedule with strict monitoring mechanism for timely completion of the project;enter into contract, sign MoUs as may be required for implementation of the project and resolve all other inter-alia issues involved; and vii. resolve all inter-departmental issues encountered in implementation of project.The committee shall be serviced by the Housing & Urban Development