NBCC and RIICO sign MoU for projects worth Rs 3,700 crore
Government-owned NBCC has signed an MoU with Rajasthan State Industrial Development & Investment Corporation Limited (RIICO) for the development of infrastructure projects worth Rs. 3,700 crore in Jaipur. These projects include the Rajasthan Mandapam near the airport.
The Rajasthan Mandapam spans over a 95-acre prime land parcel for which NBCC is appointed as the exclusive Executing Agency. Under the MoU, NBCC will handle master planning, design, construction, and marketing, and RIICO will provide an initial advance, with the project targeted for completion within 30 months.
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