Yeida to engage agency to oversee Film City project
GREATER NOIDA, Jan. 24 -- The Yamuna Expressway Industrial Development Authority (Yeida) has invited bids to engage an independent engineering agency and empanel five chartered accountant (CA) firms for technical and financial supervision of the International Film City project proposed along the Yamuna expressway in Sector 21, officials said on Friday.
Shailendra Bhatia, additional chief executive officer of Yeida, said on Friday: "Yeida has issued a request for proposal (RFP) to finalise an agency to act as independent engineer for the project for three years. The independent engineer will be responsible for monitoring and certifying various stages of planning, design and construction in line with the concession agreement signed between the authority and the developer on June 27, 2024."
Another Yeida official, requesting anonymity, said: "The auditors will examine audited and unaudited accounts of the concessionaire, certify revenue and expenditure statements, and verify financial claims submitted to the authority under the concession framework. The project is being developed under a public-private partnership model on a design, build, finance, operate and transfer (DBFOT) basis."
The concessionaire for the project is Bayview Bhutani Film City Private Limited, led by filmmaker Boney Kapoor in partnership with the Bhutani Group.
The project has been proposed following the development of the Noida International Airport at Jewar, which is expected to drive growth in the Yamuna Expressway region. In consultation with the UP government, Yeida has identified a land parcel of 1,000 acres in Sector 21 for the project, said officials.
Officials said the independent engineer will play a central role during the development and construction period. The scope of work includes reviewing and certifying surveys, master plans, development plans, architectural and structural drawings, construction methodologies, quality assurance plans, health and safety plans, cost estimates and construction schedules submitted by the concessionaire.
The empanelled CA firms will audit the concessionaire's books of accounts, which are required to record all receipts, revenues, expenditures, assets and liabilities related to the project....
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