The Indian Government has lined up Jawaharlal Nehru Stadium (JLN) for a Public Private Partnership (PPP) development plan for venues in the country.
The Sports Authority of India (SAI)-owned stadium, which was built for India’s staging of the 1982 Asian Games and then heavily redeveloped for New Delhi’s hosting of the 2010 Commonwealth Games, has been targeted for the venture alongside another yet to be identified “national stadium” and two SAI-owned regional centres in Bangalore and Zirakpur.
The Economic Times newspaper said that under the National Monetisation Pipeline (NMP) announced by Finance Minister Nirmala Sitharaman, the Government said the indicative monetisation value of the two national stadiums and two regional centres for the four years spanning 2022 to 2025 will be INR114.5bn (£1.12bn/€1.31bn/$1.54bn).
The monetisation method for the four venues will be PPP-based concessions on the Operations, Management and Development Agreement (OMDA) model.
A report from Government agency Niti Aayog read: “The focus of monetisation is on the stadiums and regional centres. There is a pressing case for PPPs in sports infrastructure development in India to augment and maintain sports facilities and for tapping private sector efficiencies in management of infrastructure.”
The report added: “Jawaharlal Nehru (JLN) Stadium in New Delhi is expected to be a pioneer in creating a financially sustainable sporting model in India through an OMDA-based PPP concession agreement for integrated development with shared usage of sports facilities.”