The Noida Authority in the Indian state of Uttar Pradesh has launched a tender process to secure a private agency to revitalise a cricket stadium that is part of a wider sports complex.
Opened in 2016, the 40,000-capacity Noida Stadium was developed with the vision of hosting national and international events such as Indian Premier League (IPL) matches.
However, this vision has failed to be realised with the Authority now seeking an agency to take the stadium off its hands. According to the Times of India newspaper, the winning agency will need to pay the Authority 30% of the revenue it earns from operating the stadium and staging events.
The tender document outlines awarding a contract for an initial term of 15 years, with a further five-year extension dependent on performance. Praveen Mishra, additional chief executive of the Noida Authority, said: “We have started scouting for an agency that is backed by reputable cricket professionals.
“We are ready to offer the stadium for a period of 15 years on lease. Sufficient amount of time is being offered to make the proposal viable for all stakeholders.”
In other news, the Authority has today (Wednesday) selected two agencies to run an indoor arena and shooting range that also form part of the sports complex in Sector 21A. The Times said a consortium led by former cricketer Rudra Pratap Singh will operate the indoor arena, with a Faridabad-based sports academy to oversee the shooting range.
The Authority initially launched a tender process in October, but the bid documents had to be revised three times to make them more attractive to bidders. The indoor arena has been developed to hold 12 different sports – badminton, table tennis, basketball, handball, volleyball, gymnastics, judo, wrestling, fencing, boxing, weightlifting and taekwondo.
The Authority has awarded 12-year contracts, which can be extended by three years.
Image: Noida Stadium