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Repair Center Rs 7,409 Designated value for iconic ‘Ashok’ hotel


Repair Center Rs 7,409 Designated value for iconic 'Ashok' hotel

Ashok is among eight Indian Tourism Development Corporation properties listed in the NMP. (File)

New Delhi:

According to sources, the government has set an indicative value for Delhi’s iconic ‘The Ashok’ hotel at Rs 7,409 crore under the national monetization scheme.

Ashok and its adjacent Samrat hotel are among eight Indian Tourism Development Corporation properties listed in the National Monetization Pipeline (NMP) announced by Finance Minister Nirmala Sitharaman last year.

Sources say consultations with investors have been carried out and a cabinet announcement about the sale of the 25-acre site in the heart of the national capital is under consideration.

“The monetization of the Ashok hotel will take place through a public-private partnership (PPP) scheme and the hotel’s indicative value has been fixed at Rs 7,409 crore,” sources told PTI.

In August 2021, Nirmala Sitharaman announced a NMP worth Rs 6 lakh over 4 years to tap the value of infrastructure assets across sectors.

Niti Aayog in consultation with the infrastructure sector ministries prepared the report on the NMP.

The finance minister in a meeting with Niti Aayog CEO (CEO) Parameswaran Iyer on 14 November reviewed the progress of NMP implementation.

To date, the government has monetized assets worth Rs 33.422 billion according to the NMP in 2022-23 with the Ministry of Coal leading the list by raising Rs 17,000 crore, and the Ministry of Ports and Shipping already exceeding the target. general fiscal.

(Except for the title, this story has not been edited by NDTV staff and is published from an aggregated feed.)

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