Shapoorji Pallonji among 4 finalists for 535-acre theme park, UK's largest
Publish on : 2020-07-08 19:12:42
EPC cost pegged at $1.8 billion; first phase to be launched in 2024
One of India’s top conglomerates, the Shapoorji Pallonji group, is in the final lap to bag the construction mandate of the UK’s largest amusement park, persons aware of the development told Business Standard.
Pegged at $1.8 billion in construction deal size, The London Resort, which is located 17 minutes outside London, has attracted bids from three other construction majors from across the world. Planned in two phases, the theme park expects to open its first gate in 2024, and the second by 2029.
The 155-year-old Shapoorji Pallonji group, which has built the Reserve Bank of India building in Mumbai and the Sultan of Oman’s palace, is said to be among the stronger contenders in the race. The group declined to comment when contacted.
In a conversation with Business Standard, PY Gerbeau, chief executive officer (CEO), London Resort Company Holdings, said the theme park was a UK government-backed “nationally significant infrastructure project”, which gave it compulsory purchase order rights as well as assured planning under the UK’s Planning Act of 2008.
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Prodipto Kumar Das, vice president and chief global business development, London Resort Company Holdings, said there was a “leading Indian construction company” out of a total of four global players in the race for the engineering, procurement and construction of the theme park, spread over 535 acres at the Swanscombe peninsula in Kent.
“We are in the process of evaluation, and if required we can even look at splitting the deal between two companies. All we can say now is that the Indian firm in contention is one of the top construction companies from the country, which has done both domestic and international projects,” Das said.
What Is The London Resort
→A535- acre Amusement Park
→Positioned as an answer to Disneyland, paris
→Will include themes attractions hotel, high streets, business centres
→First gate will open 2024 ; Second in 2029
→Been Given special status by Britain
→Target 8 Millions visitor in the first year of operations
Apart from themed attractions, the amusement park, positioned as a “two-park resort”, will include hotels, restaurants, high streets and business centres. Construction of the first phase will begin in 2021, while the work for the second gate, which opens in 2029, will begin after 2024.
The London Resort, which was first conceived in 2012 as the UK’s answer to Disneyland Paris, has only now picked up pace following the appointment of Gerbeau, an entrepreneur, as its CEO last year.