Metro puts amusement park DPR on hold
Ashish Roy | TNN | Dec 16, 2018, 03:24 ISTNagpur: MahaMetro has asked the consultant appointed for preparing the detailed project report (DPR) of international level amusement park on Krazy Castle land to put the process on hold. It was also planning to hold an international contest for designing the park. This too has been postponed. Metro officials said that they were not sure when they would get possession of the land.
It seems that Nagpur Improvement Trust’s (NIT) concessionaire Haldiram Foods is delaying the transfer process. NIT has taken a stand that it won’t hand over Krazy Castle land until Haldiram is compensated. The firm has sought Rs162 crore compensation from the civic agency for surrendering the land before end of the lease period.
Union transport minister Nitin Gadkari had appointed a committee under divisional commissioner to fix the compensation. The new divisional commissioner Sanjay Kumar had asked Haldiram to submit cash flow statements of past years so that its notional loss in the remaining years could be determined. However, in spite of passage of three months Haldiram has not submitted the documents.
When contacted, Haldiram Foods’ director Kamal Agrawal refused to comment on the issue.
MahaMetro had sought only a part of Krazy Castle land for building its viaduct. However, Haldiram told NIT that if this land was taken away the park would lose its charm and it would incur huge revenue loss. MahaMetro then offered to take the entire land. Gadkari in a meeting held in late February backed Metro’s stand.
According to activist Sandeep Agrawal, Haldiram’s compensation claim of Rs162 crore is highly inflated. He had submitted a detailed statement to the divisional commissioner countering the claims of Haldiram point by point. For example, he pointed out that the company had claimed appreciated value of its assets instead of depreciated one, which is the usual practice. It has claimed that it would have to pay 15 years’ salary to its employees on termination of their services. The usual practice is to pay three months salary.
It seems that Nagpur Improvement Trust’s (NIT) concessionaire Haldiram Foods is delaying the transfer process. NIT has taken a stand that it won’t hand over Krazy Castle land until Haldiram is compensated. The firm has sought Rs162 crore compensation from the civic agency for surrendering the land before end of the lease period.
Union transport minister Nitin Gadkari had appointed a committee under divisional commissioner to fix the compensation. The new divisional commissioner Sanjay Kumar had asked Haldiram to submit cash flow statements of past years so that its notional loss in the remaining years could be determined. However, in spite of passage of three months Haldiram has not submitted the documents.
When contacted, Haldiram Foods’ director Kamal Agrawal refused to comment on the issue.
MahaMetro had sought only a part of Krazy Castle land for building its viaduct. However, Haldiram told NIT that if this land was taken away the park would lose its charm and it would incur huge revenue loss. MahaMetro then offered to take the entire land. Gadkari in a meeting held in late February backed Metro’s stand.
According to activist Sandeep Agrawal, Haldiram’s compensation claim of Rs162 crore is highly inflated. He had submitted a detailed statement to the divisional commissioner countering the claims of Haldiram point by point. For example, he pointed out that the company had claimed appreciated value of its assets instead of depreciated one, which is the usual practice. It has claimed that it would have to pay 15 years’ salary to its employees on termination of their services. The usual practice is to pay three months salary.
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