Moin-ul-Haq stadium redevelopment: Bihar govt signs 30-year lease with BCA

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Bihar Cricket Association BCA volition wage lone Rs 1 per twelvemonth for the archetypal 7 years, and afterward, it volition will stock 50% of the profits with the Bihar authorities aft deducting expenses and taxes.

The Bihar authorities and the Bihar Cricket Association (BCA)on Wednesday signed a Memorandum of Understanding (MoU) which grants the BCA a 30-year lease connected the connected Moin-ul-Haq Stadium which sets the signifier for the redevelopment of the stadium which is acceptable to alteration it into a authorities of art, international-standard sporting complex.

BCA volition wage lone Rs 1 per twelvemonth for the archetypal 7 years, and afterward, it volition will stock 50% of the profits with the Bihar authorities aft deducting expenses and taxes.

The stadium and sporting complex, is acceptable to see seating for 40,000 spectators, 76 firm boxes, 250 VIP boxes, arsenic good arsenic a badminton court, volleyball court, swimming pool, five-star hotels, subordinate hostels, restaurants, clubhouse, and galore different facilities.

Bihar’s Deputy Chief Minister Samrat Choudhary addressed the signing ceremonial for the Memorandum of Understanding (MoU) betwixt the Bihar authorities and BCA, officially transferring the stadium to BCA. During the event, Bihar Sports Director Mahendra Kumar and BCA President Rakesh Tiwari signed the MoU connected behalf of the Bihar authorities and BCA, respectively.

BCA President Tiwari expressed gratitude and assured them that BCA volition fulfill each of the government’s expectations regarding the stadium and sports complex.

“This redevelopment is simply a immense leap guardant for cricket and sports successful Bihar. We purpose to make a top-tier sports analyzable that meets planetary standards. The BCA is committed to gathering each of the government’s expectations successful this ambitious project,” Tiwari said.

Addressing the event, Choudhary urged BCA to implicit each formalities wrong 2 months truthful that, successful the caller year, the instauration chromatic for the stadium’s redevelopment could beryllium laid successful the beingness of India’s Prime Minister Narendra Modi oregon Home Minister Amit Shah.

He besides announced a waiver of the Rs 37 crore registration interest for BCA, emphasizing the value of fostering a sports civilization successful Bihar and bringing cricketers into the mainstream.

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