Mumbai Finance Hub snippets

MMRDA will finalize the bids for the preparation of a master plan for the International Finance and Services Centre (IFSC) by August. The Maharashtra government has already allotted 20 acres of land for the finance hub in `G' block of Bandra-Kurla Complex. “Three bids have been received and we will finalize one of them after the technical and financial evaluation is carried out. The entire process will take at least three weeks to complete,“ metropolitan commissioner UPS Madan said.
The three bidders are Tata Consulting Engineers with Town Hall Consultants, Hong Kong; INI Design Studio, Ahmedabad and Rambool Denmark with Henning Larsen Architects, Denmark.
“The bidders have been asked to prepare the master plan for the finance hub. It entails crucial aspects like the building's design, facilities on premises, etc,“ added Madan.
The Railways have sought land measuring 0.9 hectares on the same plot for construction of an underground station for the Mumbai-Ahmedabad high speed train project.
“There has been no decision by the state government on this issue. The plan for the finance hub will be prepared without provision for the bullet train terminal. However, changes can be incorporated if any decision will be taken on this issue in future,“ Madan said. The hub will offer financial services, besides an arbitration centre on the lines of the one in London. The facility will have world-class infrastructure and entertainment facilities. A task force has been set up under the aegis of finance ministry . A high-powered committee under Anshu Jain, former chief executive office of Deutsche Bank, has been appointed to prepare the road map.

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